For the first time ever, Solana has beaten Ethereum in monthly revenue. Solana made around $116M in January 2025 as compared to Ethereum’s $107M. This makes a massive 96% month-on-month increase for Solana – it made $59M in December 2024.
On the flip side, Ethereum’s revenue took a 39% dip during the same period. The last year was fantastic for Solana. For context, it made only $6M in January 2024, and in just one year it has managed to topple Ethereum. The number of active addresses on Solana has skyrocketed, reaching a whopping 832K addresses per hour.
$TRUMP’s Launch a Major Catalyst In Solana’s Rally
A major reason for Solana’s January 2025 boost goes to the launch of the $TRUMP coin on the network. Just days before his swearing-in ceremony, Donald Trump launched his own meme coin on the Solana network at less than $10.
Within just 2 days, the coin soared to $75, reaching a market cap of $15B. Even now, i.e., when it has dipped a fair bit from its highs, $TRUMP is among the top 5 cryptocurrencies in the world as far as market capitalization is concerned.
This brought in a whole new crowd of Trump supporters to the Solana network, who made their first-ever crypto investment in $TRUMP.
Solana is known for its high-speed transactions. It now has an average daily volume of around 430M. Plus, with more than 11B value locked, the network is gaining popularity day by day.
The success of $TRUMP also rubbed off on Pump.fun – the largest meme coin marketplace in the crypto industry. With more than 6.8M token launches so far, Pump.fun has become the go-to for meme coin launches. It clocked a massive revenue of $116.72M in January, just marginally ahead of Solana.
Solana hit a high of $295 on January 19. Since then, it has seen a correction of 28% and is currently trading around the $210 levels. However, the long-term prospect for the token remains positive, and investors see this dip as a good accumulation opportunity before a potential breakout.
With Solana set to roar, there’s one particular project that has caught the investors’ eyes: Solaxy ($SOLX).
What Is Solaxy ($SOLX)?
With time, Solana has become overburdened with transactions, so much so that it sometimes results in failed transactions and slower throughputs. As the first Layer 2 solution on the Solana network, Solaxy ($SOLX) aims to tackle these issues.
Instead of processing each transaction individually, Solaxy bunches a number of transactions together…
Click Here to Read the Full Original Article at NewsBTC…
