Solana Revenue Jumps 20% to $1.2B in Q1, Stablecoins Surge 145%


Solana application revenue rose 20% quarter-over-quarter to $1.2 billion during Q1 2025, according to Messari data.


Stablecoins on Solana surged 145% to $12.5 billion, making it the third-largest stablecoin platform by market cap.


January generated $698.6 million in revenue, driven by speculative trading around meme coins like $TRUMP and $MELANIA.


$SOL reached an all-time high of $295 on Jan. 19, pushing its market cap to $128 billion before correcting 30%.


Spot ETF approval odds rose to 82% by Q1 end, with filings from Fidelity, VanEck, Bitwise, 21Shares, and Grayscale.


CME Group launched $SOL futures in March while BlackRock deployed $20 million through its BUIDL fund on #Solana.


Liquid staking rate increased from 9.1% to 10.4%, with 64% of the circulating supply now staked across the network.

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May 18, 2025 at 11:25 PM
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