Solana Rockets Past Ethereum in Protocol Revenue Surge

Solana has over the years competed with Ethereum in many performance metrics and is now about to beat it in revenue. Solana has so far generated almost 3x of Ethereum’s revenue for 2025, placing it on track to beat Ethereum by the end of the year.

According to data shared by an analyst, Solana has generated $1.4 billion so far in 2025, while Ethereum has only raised $522 million. This might come as a surprise to some people, but Solana has been building quietly over the years to reach this milestone.

Solana Has Grown Over the Years

Since its launch, Solana has been referred to as the “Ethereum Killer” by its fans. The title was conferred due to its superior speed and scalability which at the time was a big solution to Ethereum’s congestion problem. However, ethereum maintained its reputation as the preferred network for building decentralized applications.

Apart from speed, scalability and low transaction cost, Solana has not competed with Ethereum in other aspects, but that is about to change. The data reveals the sudden jump in the network’s revenue in 2024 against Ethereum, followed by the surpassing of the number two crypto network this year ahead of the year’s closing.

According to the analyst, users have migrated from Ethereum to Solana as the preferred network over time, while Ethereum activity is increasingly migrating to Layer 2 networks. resulting in the drop in revenue. Despite several upgrades announced on the network, Ethereum’s problems have hardly been addressed.

The most important fix so far is a decline in the transaction fees, making transactions more affordable. The huge revenue difference however shows that Solana is still the preferred network, even though some people expected a different outcome.

Solana’s Growing Popularity Fuels Revenue

While some may be wondering how Solana surpassed Ethereum’s revenue, there are recent developments that have supported this reality. Western Union in October chose the network for building its blockchain infrastructure instead of Ripple.

Solana has also become the preferred network for memcoins as shown by many new memecoin projects launching on it. This heightened activity has contributed to its growth and revenue boost with the potential to grow even bigger.

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