A new report from 21Shares reveals that Solana has generated over $2.85 billion in revenue over the past year, exceeding early growth predictions for Ethereum. This impressive achievement is largely driven by surging trading activity across the network, which fuels transaction fees and contributes to overall financial success. 21Shares data indicates an average of $240 million in monthly revenue during the period from October 2024 to September 2025, with a peak of $616 million during the height of memecoin popularity fueled by tokens like Official Trump. Despite the hype subsiding, Solana’s monthly earnings remained strong, ranging between $150 million and $250 million. Trading platforms have emerged as a primary revenue driver for the network, accounting for roughly 39% of total earnings at $1.12 billion. Popular applications like Photon and Axiom significantly contribute to this success. 21Shares draws comparisons to Ethereum’s early years, highlighting that five years after its launch, Ethereum’s monthly revenue was just under $10 million. This stark difference underscores Solana’s exceptional efficiency and scalability, powered by low transaction costs and a high-speed network. Today, Solana boasts 1.2 to 1.5 million daily active users, nearly three times the number Ethereum had at a comparable stage in its development.