Solana And Ethereum Posted Billions In Losses In 2025, Kaiko Data Shows
Solana (SOL) recorded $4.15 billion in net losses in 2025 while Ethereum (ETH) lost $1.62 billion, according to analysis from crypto data provider Kaiko, which found that validator inflation costs far exceeded fee revenue across most major Layer 1 blockchains. Despite Ethereum generating $260 millio