Solana Sets New Records: 2025 Annual Review Highlights Significant Growth

Solana (SOL), a leading blockchain in the cryptocurrency world, has published its annual review for 2025, showcasing remarkable increases across essential metrics such as daily active wallets and decentralized exchange (DEX) volume. The report indicates significant growth in revenue and activity, with several applications surpassing previous records.

Key Takeaways

Solana's applications generated $2.39 billion in revenue in 2025, a 46% increase from the previous year.
Seven Solana applications exceeded the $100 million revenue mark.
Daily active wallets reached an average of 3.2 million, marking a 50% year-on-year growth.
Bitcoin trading volume surged to $33 billion, a fivefold increase from last year.
DEX volume hit $1.5 trillion, with SOL-stablecoin trading volume reaching $782 billion.

Solana

Impressive Growth in Solana Applications

According to Solana’s annual report shared on the social media platform X (formerly Twitter), applications developed on the blockchain brought in an astounding $2.39 billion in revenue, marking a 46% increase compared to the prior year and achieving an all-time high (ATH). Noteworthy among these are seven applications, including Pumpfun, each exceeding $100 million in revenue. Additionally, other smaller apps, earning less than $100 million individually, contributed over $500 million collectively.

The network's key performance metrics are equally impressive. Solana generated $1.4 billion in total revenue, reflecting an astonishing 48-fold increase over the past two years. Meanwhile, non-vote transactions soared to a new ATH of 33 billion, representing a 28% increase year-on-year. On average, the network processed 1,054 non-vote transactions per second (TPS), and unique active wallets surged to an average of 3.2 million daily, a 50% rise from the previous year. Solana welcomed a total of 725 million new wallets in 2025.

Surge in Bitcoin Trading Volume

Focusing on asset management, Solana concluded the year with a stablecoin supply of $14.8 billion, more than double its supply from the previous year. The blockchain enabled an astonishing $11.7 trillion in stablecoin transactions, a sevenfold increase over two years. Notably, equities were introduced on Solana this year, reaching a supply of $1 billion and an impressive trading volume of $651 million.

Bitcoin trading volume expanded greatly, growing fivefold to $33 billion, setting a new ATH. In addition, the total Bitcoin supply increased to $770 million. The staking of SOL also grew, with 421 million tokens staked—an 8% rise and a further ATH. The launch of Solana ETFs attracted net inflows amounting to $1.02 billion.

Record Volume in Decentralized Exchanges

In the decentralized exchange realm, the total DEX volume climbed to $1.5 trillion, reflecting a 57% increase year-on-year, also marking an all-time high. The trading volume for SOL-stablecoins reached a record of $782 billion—more than doubling year-on-year. Among DEX platforms, twelve managed to process over $10 billion in volume, led by Raydium with $347 billion.

Moreover, artificial intelligence (AI) agent volume achieved a new ATH of $31 billion, while the volume for tokenized assets increased to $598 million and project token volume rose to $86 billion. Although memecoin volume totaled $482 billion, it represented a slight decline of 10% year-on-year, while launchpads thrived, with six platforms surpassing $1 billion in trading volume and double the year-on-year revenue at $762 million.

Contributors to Solana’s ecosystem, trading platforms generated $940 million in earnings, a 44% increase over the previous year, with their trading volume for the year reaching $108 billion—up 66% compared to the last year.

At the time of this article, SOL is trading at $138.50, recovering by 10% over the past week, but still 50% lower than its all-time high of $293 achieved during last year's market rally.

Image credit: DALL-E, Chart from TradingView.com