Solana’s $2.85B Revenue Rivals Palantir, Robinhood Amid Waning Memecoin Craze

Solana's network has demonstrated remarkable resilience, generating approximately $2.85 billion in annual revenue from October 2024 to September 2025. This revenue peak follows a significant cooldown in memecoin trading that previously dominated activity on the network. According to Matt Mena, a crypto research strategist at 21Shares, Solana's diverse ecosystem, including decentralized exchanges, trading tools, and emerging sectors like AI-driven applications, contributed to this financial success. Tools such as Photon and Axiom played a crucial role, accounting for 39% of the overall revenue. Even during fluctuations in trading volumes, monthly revenues have stabilized between $150 million and $250 million, indicating sustained interest and demand. Mena compared Solana's financial performance to that of major firms like Palantir and Robinhood, noting its rapid monetization compared to Ethereum in its early years. Upcoming technical advancements, such as Firedancer and Alpenglow, aim to boost its scalability and improve institutional participation, signaling Solana's evolution into a substantial digital economy.

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