2025: the year of revenue, assets, and trading.
Letโs look back at Solana's incredible year in data:
๐ 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, @Raydium, @JupiterExchange, @tradewithPhoton, @bullx_io
- The longtail of apps on Solana (apps with under $100m in revenue) earned over $500 million in 2025
๐ Network performance
- REV reached $1.4 billion, up 48x over 2 years
- 33 billion non-vote transactions, up 28% y/y for a new ATH (116 billion including votes)
- Averaged 1054 non-vote TPS
- Unique active wallets averaged 3.2 million per day in 2025, up 50% y/y for a new ATH
- 725 million new wallets with at least one transaction
- Average transaction fee of $0.017, down from $0.025
- Median fee of $0.0011, down from $0.0014
๐ Assets
- Stablecoin supply closed the year at $14.8 billion, more than doubling y/y for a new ATH
- $11.7 trillion of stablecoins were transferred, up 7x over 2 years
- Equities debuted on Solana with $1 billion in supply and $651 million in trading volume
- Bitcoin volume grew to $33 billion, up 5x y/y, a new ATH
- Bitcoin supply doubled to $770 million, a new ATH
- Zcash, Monad, and NEAR debuted on Solana with $32 million in supply combined
- 421 million staked SOL, up 8% for a new ATH
- Solana ETFs added net inflows of $1.02 billion
๐ DEXes
- DEX volume of $1.5 trillion, up 57% y/y for a new ATH
- SOL-stablecoin volume set an ATH of $782 billion, more than doubling y/y
- 12 DEXes processed > $10 billion in volume, led by @Raydium ($347b), @orca_so ($241b), @humidifi ($184.7b), @SolFiAMM (184.2b), and @MeteoraAG ($182b)
- Prop AMMs grew from 19% of aggregator volume to 54%
- SOL was a pair token in 42% of all trades, USDC in 30%
- AI agent volume grew to $31 billion, a new ATH
- Tokenized asset volume grew to $598 million, a new ATH
- Project token volume (e.g. JUP, RAY) grew to $86 billion, a new ATH
๐ Memecoins and Launchpads
- Memecoin volume reached $482 billion, down 10% y/y, up 80x over 2 years
- 6 launchpads did over $1b in volume: @Pumpfun, @bonkfun, @believeapp, @MeteoraAG via DBC, @moonit, @Raydium via LaunchLab
- Launchpad revenues doubled y/y to $762 million
- 8 launchpads booked > $1m in revenues
- 11.6 million tokens were created from launchpads, more than doubling y/y
- 105,000 tokens graduated from launchpad bonding curves, 0.89% of all tokens launched
๐ Trading Platforms
- DEX aggregators were responsible for $922 billion in volume, doubling y/y: @JupiterExchange ($812b), @okx ($59b), @dflow ($35b), @Titan_Exchange ($13b)
- Pro trading platforms earned $940 million, up 44% y/y for a new ATH
- 10 trading platforms earned over $10 million, and 3 over $100 million: @AxiomExchange, @tradewithPhoton, @bullx_io
- Trading platforms processed $108 billion of volume, up 66% y/y: @AxiomExchange captured 31%
๐ซก h/t to @blockworksres for the data
Last time Altcoins dumped -50% in a single day was during the COVID crash of March 2020. After that we saw a massive Altseason of 2021
We are seeing the same -50% dump in Alts in a single day. If history repeats, we will see a mega altseason next.
Thank you to the incredible Stacks community for your years of support ๐งก
To celebrate the milestone of the Stacks Nakamoto Upgrade, weโre hosting an exciting STX giveaway for everyone who helps paint the world orange ๐ง๏ฟฝ๏ฟฝ๏ธ
Join in, shout out, and win ๐
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The @Stacks $STX Nakamoto Upgrade is live ๐ง
We sat with @muneeb to discuss $STX, including the upgrade.
Watch the full $STX Deeper Dive ๐
https://t.co/WpuFSknt0a
#Polkadot $DOT has already seen the wolf's ears and we can't waste any more time, we have to make a big change and these are the priorities for me
- OpenGov the vote has to be a $DOT = 1 vote and without power of conviction, it cannot be that some people with great purchasing power in $DOT impose their ideas when they may not be good ideas and harm the majority
- #Pokadot needs to create its own DEX (PolkaMax)
- Create a L1 (Plaza)
- Make Smart Contracts in the L1 (Plaza)
- Reduce Inflation to 5% and 10% every year until we get to 1.5%
- Profits from transactions and Coretime will go to validators and nominators and a % to treasury only for Polkadot developments
- Urgent to drop from 28 days to 2 days to curb #staking
These changes need to be made as soon as possible
๐ค Ethereum Classic Roadmap
๐ซกDonald Mclntyre, Senior Editor, ETC Cooperative
โ๏ธ Tell us about the historical development of ETC and the bright future