Solana (SOL) Tops All Blockchains in 24-Hour Network Revenue

In a striking display of blockchain activity, Solana (SOL) has surged ahead of every other Layer 1 and Layer 2 network

Solana (SOL) had a striking performance in terms of 24-hour network revenue, surging ahead of every other Layer 1 and Layer 2 network to generate $7.96 million on May 13, 2025, according to data from Blockworks Research.

Solana’s network revenue outstripped the combined total of all other major blockchains, which included Ethereum (ETH) with $2.54 million, Tron (TRX) with $2.35 million, and Bitcoin (BTC) generating just $648K. Network revenue is defined as the total fees collected by a blockchain in the past 24 hours, typically from transaction activity.

The remaining chains had less than $50K in network revenue, with Base, Coinbase’s Layer 2, bringing in $273K, Arbitrum (ARB) at $45K, Optimism (OP) at $34K, Avalanche (AVAX) at $28K, and Polygon (POLY) at $16K. The total combined network revenue across all chains for the day was approximately $14.3 million.

Solana’s contribution of over $7.96 million out of the total $14.3 million signifies that it generated more than 55% of all blockchain revenue on May 13.

What’s Driving Solana’s Revenue Surge?

Solana’s explosive revenue performance comes amid growing momentum across several sectors. Stablecoin and DeFi usage on Solana has grown rapidly in recent months, while institutional interest, including partnerships with PayPal, Visa, and Shopify, is also settling transactions on the network.

Recently, memecoin activity and Solana’s low transaction costs have also attracted high-volume users, further boosting network activity.

With average fees on Solana remaining under $0.01 and its high-speed infrastructure enabling sub-second finality, the network is becoming a magnet for both developers and users who are seeking performance and scalability.

A Shift in Market Leadership?

Traditionally, Ethereum has held the market leadership in terms of fee revenue, largely thanks to its robust DeFi and NFT ecosystems. However, this latest spike in network revenue suggests that Solana may be on track to reshape the competitive landscape—especially as more payment firms and consumer apps deploy on its network.

The data from Blockworks Research also suggests that network activity, and not just token speculation or total value locked (TVL), is becoming a more important metric in determining blockchain relevance.

As usage increases and developer activity accelerates, Solana’s dominance in network revenue could signal a deeper shift in blockchain market leadership.