Solana applications generated $2.39 billion in revenue during 2025, a 46% year-over-year increase that set a new record for the blockchain. The network's annual review also revealed all-time highs in daily active wallets, transaction volume and stablecoin transfers.
What Happened: Revenue Growth
Seven applications built on Solana surpassed $100 million in revenue, with Pumpfun among the top performers.
Smaller applications earning under $100 million collectively produced over $500 million in revenue. The network itself generated $1.4 billion, a 48-fold increase over two years.
Non-vote transactions reached 33 billion, up 28% year-over-year.
The network averaged 1,054 non-vote transactions per second, while unique active wallets averaged 3.2 million daily, a 50% annual increase. Solana added 725 million new wallets during the year.
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Why It Matters: Ecosystem Expansion
The blockchain's stablecoin supply reached $14.8 billion, more than doubling year-over-year, while facilitating $11.7 trillion in stablecoin transfers, a sevenfold increase over two years.
Equities debuted on Solana with $1 billion in supply and $651 million in trading volume. Bitcoin trading volume grew fivefold to $33 billion, with total BTC supply doubling to $770 million.
Decentralized exchange volume totaled $1.5 trillion, up 57% year-over-year.
SOL-stablecoin trading volume reached $782 billion, more than doubling from 2024. Twelve DEX platforms processed over $10 billion in volume, with Raydium leading at $347 billion. Solana ETFs attracted $1.02 billion in net inflows, while staked SOL increased 8% to 421 million tokens.
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