2025: the year of revenue, assets, and trading. Let’s look back at Solana's incredible year in data: 👉 App Revenue - Apps built on Solana earned $2.39 billion, up 46% y/y for a new ATH - 7 apps earned > $100m in revenue in 2025: @Pumpfun, @AxiomExchange, @MeteoraAG, @Raydium, @JupiterExchange, @tradewithPhoton, @bullx_io - The longtail of apps on Solana (apps with under $100m in revenue) earned over $500 million in 2025 👉 Network performance - REV reached $1.4 billion, up 48x over 2 years - 33 billion non-vote transactions, up 28% y/y for a new ATH (116 billion including votes) - Averaged 1054 non-vote TPS - Unique active wallets averaged 3.2 million per day in 2025, up 50% y/y for a new ATH - 725 million new wallets with at least one transaction - Average transaction fee of $0.017, down from $0.025 - Median fee of $0.0011, down from $0.0014 👉 Assets - Stablecoin supply closed the year at $14.8 billion, more than doubling y/y for a new ATH - $11.7 trillion of stablecoins were transferred, up 7x over 2 years - Equities debuted on Solana with $1 billion in supply and $651 million in trading volume - Bitcoin volume grew to $33 billion, up 5x y/y, a new ATH - Bitcoin supply doubled to $770 million, a new ATH - Zcash, Monad, and NEAR debuted on Solana with $32 million in supply combined - 421 million staked SOL, up 8% for a new ATH - Solana ETFs added net inflows of $1.02 billion 👉 DEXes - DEX volume of $1.5 trillion, up 57% y/y for a new ATH - SOL-stablecoin volume set an ATH of $782 billion, more than doubling y/y - 12 DEXes processed > $10 billion in volume, led by @Raydium ($347b), @orca_so ($241b), @humidifi ($184.7b), @SolFiAMM (184.2b), and @MeteoraAG ($182b) - Prop AMMs grew from 19% of aggregator volume to 54% - SOL was a pair token in 42% of all trades, USDC in 30% - AI agent volume grew to $31 billion, a new ATH - Tokenized asset volume grew to $598 million, a new ATH - Project token volume (e.g. JUP, RAY) grew to $86 billion, a new ATH 👉 Memecoins and Launchpads - Memecoin volume reached $482 billion, down 10% y/y, up 80x over 2 years - 6 launchpads did over $1b in volume: @Pumpfun, @bonkfun, @believeapp, @MeteoraAG via DBC, @paybox, @Raydium via LaunchLab - Launchpad revenues doubled y/y to $762 million - 8 launchpads booked > $1m in revenues - 11.6 million tokens were created from launchpads, more than doubling y/y - 105,000 tokens graduated from launchpad bonding curves, 0.89% of all tokens launched 👉 Trading Platforms - DEX aggregators were responsible for $922 billion in volume, doubling y/y: @JupiterExchange ($812b), @okx ($59b), @dflow ($35b), @Titan_Exchange ($13b) - Pro trading platforms earned $940 million, up 44% y/y for a new ATH - 10 trading platforms earned over $10 million, and 3 over $100 million: @AxiomExchange, @tradewithPhoton, @bullx_io - Trading platforms processed $108 billion of volume, up 66% y/y: @AxiomExchange captured 31% 🫡 h/t to @blockworksres for the data