Applications operating within the Solana ecosystem set a new record by generating a total of $2.39 billion in revenue throughout 2025.
This figure represents a 46 percent increase compared to the previous year and was considered one of the concrete indicators of Solana’s growing economic model.
In its annual data review, Solana identified 2025 as the “Year of Revenue, Assets, and Transactions” for the network. The report stated that numerous key metrics, both at the application layer and in network performance, reached all-time highs.
According to the report, seven different Solana applications generated over $100 million in revenue in 2025. These projects included Pump.fun, Axiom, Meteora, Raydium, Jupiter, Photon, and BullX. Applications with revenues below $100 million, but which form the depth of the ecosystem, contributed over $500 million in total; the overall contribution from the sub-$100 million segment exceeded $500 million.
Significant growth was also observed on the network side. Network Revenue (REV) reached $1.4 billion, growing 48-fold in two years. 33 billion non-voting transactions were completed throughout the year; including voting transactions, the total reached 116 billion. This represents a 28% increase compared to the previous year.
In non-voting transactions, the average transaction speed was measured at 1054 TPS, while the number of daily active wallets increased by 50% to 3.2 million. 725 million new wallets that had made at least one transaction during the year joined the network, and a record 421 million SOL were staking. The average transaction fee decreased to $0.017.
In the asset class, the stablecoin ecosystem stood out in particular. Stablecoin supply more than doubled during the year, rising to $14.8 billion. Total stablecoin transaction volume reached $11.7 trillion, showing a sevenfold increase in two years.
In 2025, $1 billion worth of equity-backed assets were launched on Solana; these products saw a trading volume of $651 million. Bitcoin trading volume on the network increased to $33 billion, registering a fivefold annual growth.
Institutional interest in the Solana ecosystem also strengthened. The Solana ETF generated net inflows of $1.02 billion throughout the year.
*This is not investment advice.
