Solana Hits $2.85B Annual Revenue, Surging Past Ethereum’s Early Growth

[etfs]

Solana raked in $2.85 billion in revenue over the past year, says 21Shares, fueled by heavy trading activity. Monthly revenue averaged $240M, peaking at $616M in January during the memecoin boom.

Even after the hype cooled, Solana kept steady between $150–$250M/month. Trading platforms like Photon and Axiom drove 39% ($1.12B) of total revenue.

At five years old, Solana now earns 20–30× more monthly revenue than Ethereum did at the same stage, helped by 1.2–1.5M daily active users and ultra-low fees.