2025-12-26 23:21:26

Solana delivered an impressive performance in 2025 — with total revenue reaching $1.3 billion, becoming the undisputed leader in on-chain economy. Several interesting drivers behind this achievement include the popularity of meme culture, the emergence of AI agent ecosystems, and the activation of the DeFi ecosystem in the second half of the year.

Hyperliquid's native chain followed closely, earning $816 million in revenue and securing the second spot.

What's even more interesting is that Solana maintained its application revenue advantage for over seven months. This not only indicates active on-chain engagement but also reflects the true operational state of the entire ecosystem. From the perspective of the on-chain economy, Solana has already established its leadership position.

The year 2025 marked a clear turning point — the market gradually shifted from chasing concept hype to valuing actual product implementation. Applications that genuinely serve users and generate revenue began to be favored, while projects with only a name started to fade into obscurity. In a sense, this is a sign of maturity.

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PonziWhisperer

· 13m ago

Sol this round is indeed stable, but to be honest, it's really unbelievable that meme culture can support 1.3 billion people. I'm a bit surprised that Hyperliquid is in second place. Finally, some chains are starting to work seriously; it's not all just air coins anymore. Hearing about 1.3 billion in revenue sounds a lot, but when broken down into daily active users... The ultimate winners in the Sol ecosystem are still those who build applications, not the coin holders.

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WenAirdrop

· 12-26 23:49

SOL this wave is indeed stable, with $1.3 billion showing its strength right here. How can meme coins still attract so much traffic? That's hilarious. AI is now being delegated, this is the true narrative. Hyperliquid's second place is also good, but SOL's 7-month winning streak is quite impressive. Speaking of which, this is what Web3 should look like—no more just hype concepts. Product implementation is the key; those vapor projects should just fade away. SOL has firmly grasped this cycle; the ecosystem's vitality is truly different. DeFi finally woke up in the second half of this year, it was sleeping for too long earlier. It seems SOL's moat is getting deeper, other chains are a bit unable to catch up. The combination of meme culture and AI is surprisingly profitable, who would have thought?

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SchrodingerPrivateKey

· 12-26 23:43

Sol is indeed impressive, but the ones really making money are still those meme coins and AI bots. Wait, how is this data calculated? Does the revenue include gas fees? Hyperliquid second place is a bit surprising; I thought Base would perform even better. 2025 will be the year to separate the genuine from the fake, see who truly has a user base. Honestly, it's surprising that meme culture can support such high revenue. This round really caught people off guard.

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MEVEye

· 12-26 23:40

Sol this wave is indeed stable, but honestly, supporting 1.3 billion with meme culture is a bit outrageous. Solid DeFi is really the foundation, right? The potential of AI agents still depends on future development. Hyperliquid's over 800 million is quite impressive, but its ecosystem depth isn't as rich as Sol's. Finally, it's not all just hype; it feels really good. Those vapor projects should cool down; if they deserve to die, let them die.

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BearMarketSurvivor

· 12-26 23:28

1.3 billion dollars, stable output for seven months... These numbers really speak for themselves. Meme culture + AI agents, it seems like someone is really working hard, not just bragging.

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GateUser-5854de8b

· 12-26 23:24

Sol is really strong this time, crushing other chains with 1.3 billion directly Meme culture has propelled an ecosystem, this is incredible Hyperliquid is only at 800 million and already second? The gap is so big The era of concept hype is really over, now it's all about who can make money AI agency has indeed taken off, those who entered early are making a killing Staying in first place steadily for seven months is no brag, the ecosystem's vitality is right there Neglecting air projects should have started earlier

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