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Solana released its 2025 performance review on X, reporting $1.4 billion in network revenue alongside sharp growth in wallets, stablecoins, and trading activity. The revised report asserts that the revenue number is 48 times higher than the previous periods combined.
The number of daily active wallets averaged 3.2 million, and the supply of stablecoins surged to more than $14.8 billion. DEX trade volume went up to an unprecedented $15 trillion, which is an indication of increased on-chain activity in different areas.
Solana’s network revenue rose to $1.4 billion in 2025 after a reported 48-fold increase during the year. Daily active wallets averaged 3.2 million, indicating steady user participation across applications. Staking activity also increased, supporting broader engagement within the network.
Stablecoin supply on Solana closed the year at $14.8 billion, more than double the prior year level. During 2025, the network processed $11.7 trillion in stablecoin transfers. These figures show sustained usage in payments and settlement activity.
Launchpad revenue doubled to $762 million over the year. At the same time, memecoin trading volume declined by 10%. In contrast, overall DEX trading volume surged to $15 trillion, setting a new historical high for the network.
Tokenized equities debuted on Solana during 2025, reaching $1 billion in supply with $651 million in trading volume. The rollout marked the network’s entry into on-chain equity instruments. Activity remained concentrated within regulated and structured products.
Bitcoin-related usage also expanded across the network. Trading volume tied to Bitcoin assets rose to $33 billion. Bitcoin supply on Solana doubled to $770 million, reflecting broader cross-chain demand.
Institutional participation appeared through regulated investment vehicles. Solana-linked spot exchange-traded funds recorded $1.02 billion in net inflows over the year. These inflows coincided with rising network liquidity and product diversity.
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The comparisons of transactions per second between Solana and Ethereum continued to be difficult because of the different architectures. Solana is a monolithic blockchain, whereas Ethereum uses rollups for scaling. Throughout the time, Solana had an average non-vote transaction of approximately 1,054 per second.
According to the Ethereum Foundation, Ethereum rollups reached a combined average of 5,600 TPS. These figures reflect aggregate throughput across multiple layers rather than a single execution environment.
Ethereum developers rolled out two major upgrades in 2025, named Pectra and Fusaka. The foundation stated that the upgrades improved throughput, data availability, and account abstraction. With these changes in place, how will users measure performance across networks built on different scaling models?
Solana’s 2025 review reports $1.4B in network revenue, rising daily active wallets, a $14.8B stablecoin supply, and record $15T DEX trading volume. ETF inflows and Bitcoin-linked growth show broader adoption. Readers should track how these metrics shape network usage and market positioning.
