Solana Surges Ahead in dApp Revenue and DEX Volume
Solana is leading the crypto pack in decentralized submission (dApp) revenue. In June, it generated over $146 million from its dApps. This puts it ahead of Ethereum and BNB.
Both Solana and Ethereum have been neck-and-neck in various metrics since mid-2024. these include DEX volume, dApp revenue, total value locked (TVL), and DeFi dominance. However, Solana has been outperforming its rivals.
Data from TheBlock reveals Solana’s DEX volume has been the highest as October 2024. in June 2025, Solana’s DEX volume hit $5.78 billion, surpassing Ethereum’s $4.7 billion. This trend shows Solana’s growing influence in the decentralized finance (DeFi) space.
Transaction fees are another area where Solana excels. As November 2024, Solana has collected more fees than Ethereum. TheBlock’s data shows Solana’s dominance in DEX volume.The platform’s dApp revenue accounts for 41% of its total revenue. This is considerably higher than Ethereum and BNB.
Why is Solana doing so well? It offers faster transactions and lower costs. These features attract more users.
Bitcoin trade volume on Solana reached a new quarterly high in Q2 2025.This makes Solana more appealing to BTC holders and traders than Ethereum. The blockchain also announced the winners of its Colosseum hackathon, with over 10,000 participants and 1,412 product submissions.
Solana claims Visa and Mastercard could save 99% on transaction costs if they used its blockchain. This potential cost-saving feature is fueling bullish sentiment.
According to Ryan Lee, Chief Analyst at Bitget Research, Solana could reach $400–$500 under bullish conditions. Though, broader market risks may limit gains to $300–$350. Lee remains bullish on Solana’s prospects for Q3 2025.
