Last year (2025), the Solana network recorded approximately $1.4 billion (approximately 2 trillion won) in user activity-based revenue (REV), a significant increase from the previous year. This figure surpasses Ethereum's approximately $690 million, calculated using the same criteria.
According to the Solana Foundation's annual report, applications on the network generated a total of $2.39 billion in revenue, a 46% increase year-over-year. Seven applications, including Jupiter and Radium, each generated over $100 million in revenue, demonstrating the ecosystem's vitality.
The number of daily active wallets increased by 50% year-over-year to an average of 3.2 million, and the stablecoin supply doubled in just one year to $14.8 billion. Decentralized exchange (DEX) trading volume also reached $922 billion, demonstrating clear growth driven by real-world usage.
Thanks to improved network efficiency, the average transaction fee decreased by 32% year-over-year to $0.017, while overall revenue increased. This demonstrates a virtuous cycle in which user costs are reduced while network performance is improved.
Experts analyze that Solana and Ethereum are dividing the market based on their different strengths. Solana is gaining prominence in the consumer-focused application market with its fast speed and low costs, while Ethereum maintains a stable position based on its extensive DeFi ecosystem and institutional financial infrastructure.
Solana's adoption and efficiency improvements are expected to continue into 2026, and the industry is closely watching the performance trends of the two blockchains.
