Solana ($SOL) has emerged as a financial powerhouse in the blockchain sector, generating $1.12 billion in revenue by mid-2025, according to a chart released Sunday by DeFi Dev Corp. The figure surpasses Ethereum ($ETH) by 2.6 times and Binance Coin ($BNB) by 8.8 times, highlighting Solana’s edge in scalability.
The blockchain, capable of processing up to 65,000 transactions per second according to its 2021 whitepaper, has showcased its technical prowess amid a competitive landscape.
Solana’s revenue lead comes despite a challenging history, including a 40% price drop in November 2022 following the collapse of FTX, where Alameda Research held $982 million in $SOL. The network has also faced outages, with a notable 17-hour downtime recorded in September 2021, as documented on status.solana.com.
However, questions linger about the impact on $SOL’s value. Critics point to the token’s inflationary model, which includes an 8% annual supply increase, as outlined by crypto.com’s analysis. This could dilute value unless demand keeps pace, challenging claims of undervaluation without clear market key performance indicators.
The data, shared on X by DeFi Dev Corp on July 13, 2025, has sparked enthusiasm among supporters, with some hailing Solana’s recovery and scalability. The blockchain’s performance suggests a transformative year ahead, though its long-term value proposition remains under scrutiny.
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