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Solana On-Chain Revenue Surpasses Ethereum, RWA Growth Drives Momentum

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SOL
$125.79-0.28%
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ETH
$2,979.430.01%
On-chain data shows Solana’s on-chain revenue has surpassed Ethereum for the first time, hitting $1.4 billion in annual revenue. RWA capital inflows grew 372% into Solana, compared to Ethereum’s 198% increase. The SOL/ETH ratio reached a 12-month high of 0.93 in mid-January. RWA added $14 billion in value in 2025, widening the revenue gap between the two blockchains.
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