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Sujit Kumar
Feb 15, 2025
by Sujit Kumar

Solana’s On-Chain Revenue Surges Amid Market Turbulence

Solana’s On-Chain Revenue Surges
Solana is defying the market downturn by generating significantly more revenue than Ethereum. Data from blockchain researcher Aylo reveals that Solana-based apps pulled in $8.4 million in revenue over the past 24 hours, nearly 10 times more than Ethereum’s $875,613 during the same period. This robust on-chain activity is a major factor behind Solana’s rising momentum, even as overall market conditions remain uncertain.

High Trading Volumes and Retail Speculation Drive Growth

In addition to increased revenue, Solana has also doubled Ethereum’s trading volumes, with Solana trading at $5.39 billion compared to Ethereum’s $2.14 billion. Its perpetual trading volumes are similarly higher, with Solana at $1.09 billion versus Ethereum’s $470 million. Platforms such as Pump.fun and Bonkbot are fueling this surge, primarily driven by retail speculation and high-frequency trading. However, critics argue that some major Ethereum apps, like Uniswap, might be excluded from these metrics, potentially skewing comparisons.

Comparative Strength and Future Outlook

Despite Ethereum’s dominant position in large-value trades and liquidity pools—with ten of the top 20 liquidity pools, Base hosting five, and Arbitrum and Binance Smart Chain two each—Solana’s momentum is undeniable. Ethereum’s TVL stands at $74.3 billion compared to Solana’s $9.5 billion. Nonetheless, recent proposals by the CBOE for Solana exchange-traded products from firms like VanEck, Bitwise, and 21Shares hint at long-term institutional interest, even though SEC approval challenges persist.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Solana’s On-Chain Revenue Surges
Solana’s On-Chain Revenue Surges Amid Market Turbulence
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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