Solana described 2025 as the year of revenue, assets, and trading, highlighting a sharp acceleration in onchain economic activity. A year-end data recap outlined new all-time highs across applications, network performance, assets, decentralized exchanges, and trading platforms.
App Revenue Hits New Highs
Applications built on Solana generated $2.39 billion in revenue, up 46% year-over-year, marking a new all-time high. Seven applications surpassed $100 million in annual revenue, including Pumpfun, Axiom Exchange, Meteora, Raydium, Jupiter, Photon, and BullX.
Beyond top earners, the long tail of apps, those generating under $100 million, collectively earned over $500 millionduring the year, underscoring broad-based developer monetization.
Network Performance Scales Rapidly
Solana’s network revenue reached $1.4 billion, representing a 48x increase over two years. Non-vote transactions totaled 33 billion, up 28% year-over-year, while total transactions including votes reached 116 billion.
2025: the year of revenue, assets, and trading.
Let’s look back at Solana's incredible year in data:
👉 App Revenue
– Apps built on Solana earned $2.39 billion, up 46% y/y for a new ATH
– 7 apps earned > $100m in revenue in 2025:@Pumpfun, @AxiomExchange, @MeteoraAG,… pic.twitter.com/LdMTwd95Ix
— Solana (@solana) January 6, 2026
Average non-vote throughput stood at 1,054 transactions per second, and daily unique active wallets averaged 3.2 million, up 50% year-over-year. During 2025, 725 million new wallets completed at least one transaction.
Transaction costs continued to fall, with the average fee at $0.017 and the median fee at $0.0011, both lower than the previous year.
Asset Growth and Institutional Inflows
Stablecoin supply on Solana closed the year at $14.8 billion, more than doubling year-over-year. Total stablecoin transfer volume reached $11.7 trillion, up 7x over two years.
Equities launched on Solana with $1 billion in supply and $651 million in trading volume. Bitcoin activity expanded sharply, with volume climbing to $33 billion and supply doubling to $770 million. Additional assets including Zcash, Monad, and NEAR debuted with $32 million in combined supply.
Staked SOL reached 421 million, up 8% year-over-year, while Solana ETFs recorded $1.02 billion in net inflows.
DEX Activity Reaches New Peaks
Decentralized exchange volume totaled $1.5 trillion, up 57% year-over-year, setting a new all-time high. SOL–stablecoin trading alone reached $782 billion, more than doubling year-over-year.
Twelve DEXs processed over $10 billion in volume, led by Raydium, Orca, Humidifi, SolFi, and Meteora. Proprietary AMMs increased their share of aggregator volume from 19% to 54%.
SOL was involved in 42% of all trades, while USDC accounted for 30%. AI agent trading volume climbed to $31 billion, and tokenized asset volume reached $598 million, both new highs. Project token trading volume grew to $86 billion.
Memecoins, Launchpads, and Trading Platforms
Memecoin trading volume reached $482 billion, down 10% year-over-year but up 80x over two years. Six launchpads surpassed $1 billion in volume, while launchpad revenues doubled to $762 million.
A total of 11.6 million tokens were created via launchpads, with 105,000 tokens graduating from bonding curves, representing 0.89% of all launches.
DEX aggregators handled $922 billion in volume, doubling year-over-year, led by Jupiter. Professional trading platforms generated $940 million in revenue, up 44%, with ten platforms earning over $10 million and three exceeding $100 million.
A Data-Driven Year for Solana
Solana’s 2025 performance highlighted rapid scaling across revenue generation, asset issuance, and trading activity. The data points to a maturing onchain economy characterized by rising institutional participation, falling transaction costs, and expanding application diversity, positioning Solana as one of the most active blockchain ecosystems of the year.
