Solana generated $369.5 million in revenue during Q1 2025, already reaching 50% of its total revenue from 2024. This demonstrates Solana’s faster revenue growth, exceeding Ethereum’s Q1 2025 revenue of $220.8 million. According to recent performance data, Solana is expected to surpass Ethereum’s total revenue for the year.
Source: X
Solana has been on an upward trend, propelled by its high scalability, low transaction fees, and its ability to handle large volumes of transactions. Over the years, Solana’s annual revenue has witnessed a significant surge.
In the year 2020, it stood at less than a million dollars, while in 2021, the network revenue recorded $28.2 million, indicating Solana as a developing operational system. In 2022, Solana achieved $26.3 million in revenue, followed by $25.6 million in 2023, and a significant $750.7 million in 2024. The latest record of $369.5 million achieved within the first quarter of 2025, exceeds the historical growth of all previous periods.
Ethereum’s Declining Trends
Meanwhile, Ethereum’s revenue reached $9.9 billion in 2021, which was the highest amount, as revenue declined over the subsequent years. In 2022, it decreased to $4.2 billion and further dipped to $2.40 billion in 2023. However, it witnessed a slight increase to $2.47 billion in 2024 and in the first quarter of 2025, Ethereum earned $220.8 million, a figure that grew steadily compared to Solana’s notable surge.
While Solana has a lower market capitalization than Ethereum, it has demonstrated significant increases in the crypto market. Notably, the Solana community is anticipating whether the same trend will be witnessed till the close of 2025.
On the other hand, Solana’s quarterly performance sets the stage for a prosperous year across the cryptocurrency market. With these market trends, Solana could surpass Ethereum’s revenue in 2025, potentially transforming the competitive landscape in blockchain technology.
