Solana formed $ 2.85 billion in earnings last year, according to a new report from 21shares, driven by trade platform activity.
Between October 2024 and September 2025, Solana raised nearly $ 240 million in monthly income, peeked at $ 616 million in January during the Memecoin Boom led by tokens such as the official Trump (Trump). But even after the frenzy, monthly income is between $ 150 million and $ 250 million.
Solana validators earn revenue from transactions fees. Last year, income from the fees flowed from the entire ecosystem, including decentralized finances (DEFI), Memecoins, AI apps, decentralized exchanges, depin, launchpads and trading tools.
Trade platforms remain Solana’s main revenue engine, which provides 39%, or $ 1.12 billion, driven by apps such as Photon and Axiom.
The Report It is also noted that Solana was earlier in Ethereum at a comparable phase.
Five years after its launch, Ethereum’s monthly income is under $ 10 million, while Solana currently makes up 20-30 times more. Its efficiency and its low fees have helped the network to attract 1.2-11.5 million sun -active address, almost triple Ethereum’s at the same point in its lifecycle.
The 21shares is a Switzerland-based asset management company and is one of the largest crypto exchange-traded products (ETPs). It launched the first Solana in the world (Sol) Product exchanged by Exchange (ETP) in Europe in 2021.
Related: Forward Industries gets $ 1.65B Solana Treasury Raise
Solana etf and treasury
As mentioned by the 21shares report, many companies have rebranded with Solana treasury companies this year. The result is about $ 4 Billion In Sol is now held on public sheets of company balance.
On September 18, the NASDAQ is listed Brera Holdings have been rebranded with Solmate Following a $ 300 million oversubscribe pipe increase, aimed at developing a Solana dedicated to the digital asset treasury and infrastructure platform.
Solmate is now one of 18 monitored creatures Holding A combined 17.8 million sol token. Top Pack is forward industry with 6.822 million Sol, followed by Sharps technology with 2.14 million Sol, according to Data At the time of writing.
There are also some applications of the Solana Exchange-Traded Fund (ETF) that may see approval if the US government reopened this month.
As Cointelegraph reported, many Spot solana etf application was awaiting decisions from the US Securities and Exchange Commission (SEC) in October.
Deadlines for files from Fidelity, Vaneck, Grayscale, Canary and Franklin Templeton fell on Friday, while applications from 21shares and Bitwise were scheduled for review October 16.
With The US government is silentDecisions are likely to push back. But when the government is reopening, most Solana ETFs believe it will be approved.
In Polymarket, Bettors think that there is a 99% chance that a Solana ETF will be approved at the end of year.
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