Solana is the top chain by annual revenue, as it was responsible for some of the year’s most notable trends. Hyperliqid’s native chain took second place with $816 million in revenue.
In 2025, Solana secured $1.3 billion in revenue and became the leader of the most active on-chain economy. Solana has experienced several major trends over the past 12 months, including a very active meme season, the creation of AI agents, and DeFi later this year.
For over seven months, Solana led other chains in terms of app revenue, reflecting real-world usage. Although the exact numbers regarding Solana’s revenue vary, the chain is one of the top producers of revenue from app usage.
For several months in 2025, Solana overtook Ethereum’s economic activity, gaining more users, transactions, and apps. However, Ethereum still holds more value and settles larger amounts based on DeFi liquidity.
Solana becomes a major multipurpose chain
Solana also overtook Base, which had always pushed for lower-cost apps and seamless on-chain activities. Base is ranked 7th, $76.4 million In terms of annual income. The latest Cryptorank data shows a change in chain rankings as the legacy network was largely forgotten. The app has been switched to a new set of chains.
Even the most active Ethereum and BNB chains fell to 4th and 5th place. Ethereum achieved $524 million in annual revenue, while BNB Chain secured $257 million. 2025 was a turning point for crypto platforms, with usage moving from novelty and hype to established products.
This has led to the emergence of clear leaders in the most active chains, making revenue from the app more predictable. Major chains in 2025 also relied on app adoption, not just airdrop farming and incentives. Apps on Solana have become critical infrastructure, more than just a novelty or point farming hub.
Leaders of the past few years, such as Avalanche, Filecoin, and TON, never re-entered the top 10 revenue-generating ranks. This ranking shows that apps are moving to new choices of L1 and L2 chains for both general and specialized uses. The EdgeX chain is now part of the top 10 native base. DEX performance. Axelar, Bittensor, and Optimism join the top 10 by outperforming the major apps by one or two.
Hyperliquid ends its most active year
HyperLiquid finished its most active year, emerging as a first mover and leader after establishing multiple competing perpetual futures DEXs.
Hyperliquid is the first prominent perpetual futures DEX to complete a full year, and it also became the second-best chain in terms of app revenue. |Source: Hyper Screener
The DEX attracted a total of $3.87 billion in deposits and over 609,000 new users joined the platform. Based on the DEX’s self-reported results, the native HyperCore chain is $908 million In terms of annual income.
More than $848 million was generated from the primary activity of perpetual futures trading. The top 100 whales spent $5.7 million on gas sent to protocol reserves. Hyperliquid has become one of the platforms with predictable returns as a result of the maturity of the crypto market.
Builders in the Hyperliquid ecosystem share revenue and have received more than $46 million in the past year. The platform also generated additional revenue from ticker auctions, with nearly $1 million in fees for the GOD ticker.
