Solana’s 2025 Breakthrough: $2.39B in App Revenue and Record Network Performance

TLDR:

• Seven Solana applications surpassed $100 million in revenue, led by Pump.fun and Axiom Exchange
• Network revenue reached $1.4 billion, representing a 48-fold increase over the past two years
• Stablecoin supply doubled to $14.8 billion with $11.7 trillion in transfers during the year
• DEX volume totaled $1.5 trillion as Jupiter Exchange processed $812 billion in aggregated trades

Solana closed 2025 with unprecedented growth, reporting $2.39 billion in app revenue and processing 33 billion non-vote transactions. 

The blockchain network announced these figures through official channels, revealing substantial year-over-year improvements. Revenue generation increased 46 percent compared to 2024, establishing new all-time highs. 

Network activity expanded considerably, with unique active wallets averaging 3.2 million daily. The platform also saw transaction fees decline while maintaining high throughput levels throughout the year.

Revenue Growth and Network Performance Show Strong Momentum

Applications built on the blockchain generated $2.39 billion in revenue during 2025, marking a 46 percent increase from the previous year. 

Seven applications surpassed the $100 million revenue threshold, including Pump.fun, Axiom Exchange, Meteora, Raydium, Jupiter Exchange, Photon, and Bullx. Smaller applications collectively earned over $500 million, demonstrating broad ecosystem participation.

Network revenue reached $1.4 billion, representing a 48-fold increase over two years. The platform processed 33 billion non-vote transactions, achieving a 28 percent year-over-year rise. 

Transaction costs decreased from $0.025 to $0.017 on average, while median fees dropped to $0.0011.

The network added 725 million new wallets containing at least one transaction during the year. Daily unique active wallets averaged 3.2 million, up 50 percent from 2024. These metrics indicate growing adoption and sustained user engagement.

Stablecoin Supply and Asset Diversity Expand Significantly

Stablecoin supply on the network doubled year-over-year, closing at $14.8 billion. Users transferred $11.7 trillion in stablecoins throughout 2025, a sevenfold increase over two years. This volume demonstrates the network’s role in facilitating high-value transactions.

Equities made their debut on the platform with $1 billion in supply and $651 million in trading volume. 

Bitcoin-related activity grew substantially, with trading volume reaching $33 billion. Bitcoin supply doubled to $770 million during the same period.

Additional digital assets joined the ecosystem, including Zcash, Monad, and NEAR, which collectively represented $32 million in supply. 

Staked SOL tokens reached 421 million, an 8 percent increase from 2024. Exchange-traded funds tracking the network added $1.02 billion in net inflows.

DEX Activity and Trading Platforms Drive Volume Growth

Decentralized exchange volume totaled $1.5 trillion, rising 57 percent year-over-year. SOL-stablecoin trading pairs generated $782 billion, more than doubling from 2024. Twelve DEXes processed over $10 billion each, led by Raydium and Orca.

Proprietary automated market makers grew from 19 percent to 54 percent of aggregator volume. 

SOL served as a pair token in 42 percent of trades, while USDC appeared in 30 percent. Memecoin volume reached $482 billion during the year.

DEX aggregators handled $922 billion in volume, doubling from the previous year. Jupiter Exchange led with $812 billion. 

Professional trading platforms generated $940 million in revenue, increasing 44 percent annually. Trading platform volume totaled $108 billion. Data attribution goes to Blockworks Research.

The post Solana’s 2025 Breakthrough: $2.39B in App Revenue and Record Network Performance appeared first on Blockonomi.