NAIROBI (CoinChapter) — Solana has surpassed Ethereum in Q1 2025 network revenue, generating $819.08 million from transaction fees
NAIROBI (CoinChapter) — Solana (SOL) has outperformed Ethereum in Q1 2025 network revenue, generating $819.08 million from transaction fees and out-of-protocol revenue, according to data by The Block.
The figure is nearly three times higher than Ethereum’s $282.07 million and dwarfs Bitcoin’s $51.97 million. The revenue leaderboard places Tron next after Solana and Ethereum with $156.86 million, followed by BNB Chain with $70.71 million.
The total Layer-1 and Layer-2 revenue combined stands at $1.42 billion, with Solana accounting for over 57% of that total.
The numbers sparked reactions across the crypto community. "BREAKING: Solana generated more revenue in Q1 2025 than all other L1 & L2 chains combined," wrote SolanaFloor in a post on X.
SOL Price Breakout Eyes $218 as Bullish Setup Gains Traction
Solana’s technical setup now points to a 60% rally toward $218. The SOL/USDT chart shows the token breaking out of a descending wedge pattern, a structure that often signals a bullish reversal. At the time of writing, SOL traded at $133.99, down slightly i
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