Solana and Hyperliquid have emerged as the top blockchain networks in terms of revenue for 2025, according to CryptoRank data. Solana generated $1.3 billion, while Hyperliquid, a derivatives platform, earned $816 million, both surpassing Ethereum's $524 million. Solana's transaction volume remains robust, with its total value locked (TVL) fluctuating between $7 billion and $12 billion. Meanwhile, Hyperliquid's TVL peaked above $60 billion, driven by active trading on its platform. This shift highlights the growing importance of execution speed and throughput in blockchain value capture.
Solana and Hyperliquid Lead Blockchain Revenue in 2025
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