Solana (SOL) Posts Better Monthly Revenue Stats Than Ethereum (ETH) for the First Time

SOL, currently trading at $230, generated a revenue of over $116 million in the past month, compared to Ethereum's $107 million earnings.

Solana (SOL) has outperformed Ethereum (ETH) in terms of monthly revenue, with SOL generating over $116 million compared to ETH's $107 million.

Solana's revenue surged by 96% to $116 million in December 2024, while Ethereum's revenue decreased by 39% to $107 million.

Solana's revenue has grown significantly since January 2024, when it earned only $6 million, while Ethereum earned $179.6 million during the same period.

Solana's strong performance is attributed to increased DeFi activities and the launch of President Donald Trump's memecoin on the Solana blockchain.

Solana's 2025 begins with a bullish momentum

Solana has seen remarkable growth compared to its competitors, thanks to its high performance and speed in executing transactions. It is one of the best-performing cryptos this cycle, largely due to the massive growth in its DeFi sector.

On Friday, January 7, 2025, Donald Trump launched the $Trump memecoin on the Solana blockchain during the weekend before his inauguration.

Before the launch, Solana had already established itself as a hub for memecoin activity. The $Trump coin launched at under $10 but quickly surged by over 300% to reach its peak value of $72 per token and an all-time high of $15 billion in market capitalization.

The launch of the $Melania token also contributed to boosting the network activity, although it drained some value from the $Trump meme as investors shifted funds into the second memecoin launched by the Trump family.

Solana's performance was also influenced by Trump's campaign, where he gradually positioned himself as a pro-crypto candidate. On the day $Trump launched, SOL's price shot up by over 19%, driving the price to $295.3.

$Trump currently trades at $24, down significantly from its $75 all-time high. However, the coin is still trading at over 500% from launch with over $2 billion in daily volume.

There was an unprecedented 70% increase in stablecoin supply as new users and money flowed into the Solana blockchain because of the $Trump launch. It is now the third-largest blockchain in terms of stablecoin liquidity.

Bitcoin also benefited from the Trump hype, hitting an ATH of $109,071 following his inauguration.

Pump.fun outperforms Solana and Ethereum

Complementing the impact of the $Trump launch on Solana is Pump.fun, the largest platform for launching memecoins. Platforms like Pump.fun have also been instrumental to the network's meteoric rise during this cycle.

On-chain analytics show that Pump.fun hit an all-time revenue of over $493 million; on January 30, 2025, it recorded a trading volume of about $295 million.

Following the successful launch of $Trump, over 6,000 tokens named “Trump” were launched on Pump.fun.

In the past 30 days, Pump.fun has generated $116.72 million in revenue, beating Solana's revenue over the same period by over $260,000. The frenzy of Trump launches on Pump.fun led to a record $3.3 billion trading volume.

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