- Solana led March dApp revenue with 46%, outpacing Ethereum, BSC, and Base.
- Strong growth in Solana’s validator network fuels demand for DeFi and NFTs.
- SOL price rebounded from $110 to $138, with resistance forming around $150.
As of March 2025, Solana has emerged as the leading blockchain in decentralized application (dApp) revenue generation. Its performance signals continued growth in usage, surpassing Ethereum, BSC, and Base amid evolving market dynamics.
Solana dApps Capture 46% of Market Revenue
Cointelegraph stated in an update that Solana accounted for 46% of total dApp-generated blockchain revenue in March, translating to $146 million in ecosystem gains. Ethereum followed at 17%, with Binance Smart Chain (BSC) and Base each holding 13% of the market.
The data tracked revenue share trends between April 2024 and March 2025, with Solana consistently leading. Its dominance saw a clear jump at the start of 2025, reflecting strong user engagement and increasing transactional activity.
In Cointelegraph’s report, the sharp rise in revenue is attributed to sustained interest beyond meme token surges. The chart, sourced from DeFiLlama and internal Solana metrics, showed other networks like Arbitrum, Optimism, and dYdX holding less than 10%.
Custody and Asset Exposure Align with Solana’s Growth
As per a report by Syndica, Solana’s dominance in dApp revenue is supported by a broader ecosystem structure, emphasizing developer tools and capital efficiency. The network’s architecture allows fast finality and lower fees, enhancing adoption across key protocols.
As the market pivots toward higher efficiency and scalability, Solana-based projects continue to prioritize liquid staking, NFT marketplaces, and DeFi infrastructure. Custodial partners reportedly ensure native asset exposure with minimal bridging, reinforcing network security and operational clarity for users and institutions alike.
One key factor contributing to Solana’s continued momentum is the expansion of its validator network and ongoing financial support from ecosystem grants. This growing infrastructure base points to increasing demand for institutional-grade tools and signals preparations for broader adoption across high-throughput environments. Solana’s fully diluted valuation stands at $83.16 billion, with over 516 million tokens circulating. Market cap surged 3.78% in 24 hours, reinforcing its relevance despite a 2025 market pullback.
Market Action Reflects Revenue Strength
Solana (SOL) currently trades at $138.86, reflecting a sustained rebound from March’s local low near $110. Between mid-January and April, the price action showed a breakout, a retracement, and a mild recovery trend supported by sideways accumulation.
Volumes remained stable throughout April, with no panic selling, suggesting controlled market behavior following January’s peak near $250. Resistance is forming at the $150 level, where repeated breakout attempts continue to stall amid flat participation.
