Solana's blockchain network generated $2.85 billion in revenue from October 2024 to September 2025, showcasing its resilience and growth. According to Matt Mena, a crypto research strategist at 21Shares, this revenue stems from diverse on-chain activities, including decentralized exchanges, trading tools, and lending applications, as well as emerging sectors like DePIN and AI-driven applications. Monthly revenues for Solana have stabilized between $150 million and $250 million, reflecting sustained demand beyond speculative trends. Mena noted Solana's rapid monetization, comparing its performance favorably to major Web2 platforms and highlighting its advancement relative to Ethereum's early development stage.