As the crypto world’s femme fatale, Solana, continues to tantalize investors with her siren song of high dApp revenue, Ethereum, the erstwhile belle of the ball, finds herself increasingly overshadowed 🌟.
In June, Solana’s decentralized applications generated a whopping $146 million in revenue, leaving Ethereum and BNB in the dust 💸. This is not a one-time fluke, dear reader, but rather a consistent trend that has been observed for over a year 📊.
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Solana vs. Ethereum: A Tale of Two Cryptos
The two smart contract platforms have been engaged in a game of one-upmanship, each trying to outdo the other in metrics such as DEX volume, revenue collected from dApps, TVL, and DeFi dominance 🤯.
Data from TheBlock reveals that Solana has maintained its dominance in DEX volume, with the largest share of Solana-based DEXes in the ecosystem, since October 2024 📈. The trend continues into 2025, with Solana leading the pack with $5.78 billion, against Ethereum’s $4.7 billion 💸.
Solana also leads in the fees collected by the two blockchains, from dApps and protocols running on their platforms 🤑.
Data from TheBlock shows that Solana has consistently beaten the Ethereum chain in transaction fees since November 2024, until June 2025 📊.
Solana’s revenue from decentralized applications represents 41% of its chain’s revenue, a relatively high number compared to Ethereum and BNB 📊.
Solana’s Price: A Delicate Dance
Solana is currently consolidating above the $140 support on the daily timeframe, a 15% rally could send SOL to test resistance at R1, $170 🚀.
The SOL/USDT chart shows that Solana could sweep liquidity at the $140 support if there is a correction 🤑.
The two key momentum indicators, RSI and MACD, support a thesis of further gains in Solana; there is an underlying bullish momentum in the SOL price trend 📈.
A daily candlestick close above the $150 level could confirm the bullish breakout 🚀.
Solana’s Ecosystem: A Vibrant Tapestry
Bitcoin trade volume on Solana reached a new quarterly high in the second quarter of 2025, making the chain more relevant to BTC holders and traders compared to competitors like Ethereum 📊.
10,000+ participants.
1,412 product submissions.
Aspiring founders from 140+ countries.@Colosseum has announced the winners of the Solana Breakout Hackathon, the biggest startup competition in crypto!💥— Solana (@solana) July 2, 2025
The smart contract chain recently shared an estimate of how Visa and Mastercard could save 99% on the cost of transactions if they process on Solana’s blockchain, proving a use case and fueling a bullish sentiment among holders 💸.
“Visa and Mastercard generated a combined $64B in revenue across 400B transactions last year. If these 400B transactions were executed on Solana, total fee revenue would be closer to $400M, a 99% reduction in cost to merchants.” –@FoundationCap
just use Solana.
— Solana (@solana) July 3, 2025
Expert Commentary: A Voice of Reason
Ryan Lee, Chief Analyst at Bitget Research, told crypto.news in an exclusive interview:
“Solana, buoyed by its expanding DeFi and NFT infrastructure and potential for staking ETF inclusion, could reach $400–$500 under bullish conditions, though broader market risks may cap gains closer to $300–$350. As always, investors should exercise caution and diligence amid persistent crypto volatility.”
Lee maintains a bullish outlook on the Ethereum competitor heading into the third quarter of 2025 📈.
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2025-07-06 01:07