
Solana Dethrones Core Rivals in Major DEX Volume Ranking
A new report from Helius has revealed that Solana has successfully outperformed several major digital assets in both Real Economic Value (REV) and DEX volumes during the first half of 2025. This marks a significant milestone for the blockchain platform, which has demonstrated a consistent positive streak for the past 15 months without experiencing any downtime.
The report highlights that Solana has dominated all blockchains in REV since October 2024, achieving an impressive $551 million in January 2025. It is essential to note that the REV metric measures the monetary demand for using a blockchain’s network for transactions, including base transaction fees and out-of-protocol tips.
Notably, it appears that Solana has seen significant growth, with the daily REV reaching a record high of $56.8 million on January 19th. This is particularly noteworthy as it surpassed the combined value of Bitcoin and Ethereum, two digital assets that have traditionally been considered leaders in their respective markets.
Moreover, an astonishing 42% to 66% of Solana’s monthly revenue came from Jito, a protocol that enables the staking of Solana assets across multiple networks. This is a testament to the growing demand for MEV (Maximum Extractable Value), which channels revenue to validators without increasing median fees. As such, it appears that Solana can absorb any surge in traffic, similar to what was seen during the recent surge.
Furthermore, the report indicates that Solana’s network can process up to 162 million transactions daily, with an average slot time of approximately 390 milliseconds. The consensus code Alpenglow is currently in testing phase, which aims to achieve a finality of 100-150 ms. This could further reduce validator breakeven capital to around $75,000.
It is also worth noting that the report highlights that Solana’s Total Value Locked (TVL) was only second to Ethereum’s, with an average value between $8 billion and $9 billion in H1 2025. This represents a significant increase of 18% quarter-on-quarter.
In addition, it has been reported that the float of stablecoin on Solana went from $1.5 billion to $11.7 billion over the course of 18 months. Furthermore, Circle, a prominent issuer of USDC, minted an astonishing $1.75 billion in May alone.
Solana’s dominance in DEX volume and REV has led many to speculate that it may eventually surpass Bitcoin and Ethereum in other key metrics as well.
Source: www.coinspeaker.com