Solana Set to Eclipse Ethereum in Annual Revenue for the First Time

Solana is on the verge of a historic financial flip. The high-speed blockchain is now positioned to out-earn its long-dominant rival, Ethereum, in annual revenue for the first time ever.

How Solana Cuts Through

It's not magic—it's mechanics. Solana's architecture bypasses the congestion and high fees that have long plagued other networks. Its proof-of-history consensus supercharges transaction throughput, creating a fertile ground for high-volume applications, from DeFi to NFTs. Users and developers are voting with their wallets, migrating activity to where it's cheaper and faster.

The Revenue Reckoning

This isn't just a technical victory; it's a fundamental market shift. Revenue—the real fees collected by the network—is the ultimate scorecard. Overtaking Ethereum here signals a profound change in user behavior and economic value capture. It proves a blockchain can build a formidable, self-sustaining economy without inheriting Ethereum's first-mover advantage.

A New Challenger Claims the Throne

For years, 'Ethereum killer' was an industry punchline. Now, it's looking like a prophecy. Solana's surge redefines the competitive landscape, proving that scalability isn't just a feature—it's the foundation for the next wave of adoption. One cynical finance veteran might note: 'The market finally found a chain where the fees don't cost more than the trade.' The era of a single, monolithic leader is over. The future is fast, fragmented, and fiercely competitive.

Solana Revenue Growth Outpaces ETH This Year

Solana’s price is facing pressure despite its positive revenue indicators. SOL has closed with red candles for three consecutive months, leaving traders disappointed. Active wallets dropped 87% of 4.8 million in January to only 624,000, indicating that it was heavily used in coin dispensation and not active trading, and SOL is currently ranging between $144 and $120.

Solana has no traders left, everyone turned into a coin deployer pic.twitter.com/590Q9WsMgd

SOL indicates that it has been bouncing back to the neutral at RSI 47. Momentum will be vital to ensure a bounce off the $120 support which is an 18 months low. A decline might cause an additional decline to the level of $100, and the resistance of $144 is important to start the growth again. Investors are tracking the adoption trends and revenues.

Recently, the Coinbase CEO Brian Armstrong has shown interest in Solana in support of its adoption confidence. The availability of every coin with Solana in Coinbase is an indicator of market accessibility. In 2025, SOL has only 11 days to exceed ETH, despite price weakness, a strong Solana is starting to become increasingly relevant as a revenue-generating Layer-1 network in the crypto ecosystem.