Top Blockchains By Revenue in 2025: Solana, Hyperliquid and Tron Take the Lead

LunarCrush, a platform that uses artificial intelligence (AI) to analyze digital assets like cryptocurrencies, has revealed the list of the Top 15 blockchains that generated revenue in the year 2025. In the given list, Solana blockchain is leading all the blockchains with 39.8M active addresses, along with total value locked (TVL) $17.3B and has successfully able to generated a revenue of $1.4B.

TOP 15 BLOCKCHAINS BY REVENUE IN 2025#Solana #Hyperliquid #Tron #Ethereum #BNBChain #Base #Axelar #Bittensor #OPMainnet #Sui #Arbitrum #ICP #Avalanche #Injective #Polygon pic.twitter.com/Zi0VHT05g2

— PHOENIX – Crypto News & Analytics (@pnxgrp) December 24, 2025

Hyperliquid is the runner-up in this race with a TVL of $2.0B and also shows considerable growth in revenue, which is about $814M, and has 292.7K active addresses during the year 2025. The next one is Tron, which shows very good growth in TVL in comparison to the Hyperliquid, about $4.4B, and has 16.8M active addresses with $607M revenue generation. Phoenix Group has revealed this news through its official X account.

BNB Chain’s 60M Active Addresses, Scale Without Massive TVL

Ethereum stands at the fourth position with 9.3M active addresses, along with the $524M revenue generated and TVL of $109.6B in 2025. Then comes the BNB Chain with $256M in revenue generation and TVL of $7.9B. BNB Chain is the only blockchain from the given list that has a recorded value of 60.0M active addresses. In addition, Base blockchain comes with 8.7M active addresses, $76.3M in revenue generation, and a TVL of $4.3B.

Axelar blockchain appeared with the smallest value of 5.6K in active addresses perspective and holding a TVL of $213.8M with $56.8M in revenue generated. Bittensor has a central position in the given blockchains, having successfully generated revenue of $33.4M. Moreover, OP Mainnet has active addresses of 501.9K along $288.2M TVL and gives a very small revenue growth, which is $21.6M.

Arbitrum’s 4M Active Addresses vs Its Revenue Reality

Sui blockchain can earn the 10th position in the given list of blockchains that performed well in the year 2025 in three aspects, which are active addresses, TVL, and revenue. Sui blockchain appears on the list with a TVL of $1.1B and is successfully able to generate $18.8M revenue. Furthermore, the Arbitrum blockchain can earn revenue of $16.3M with a TVL of $2.8B and has a crowd of 4.0M active addresses during the year 2025.

ICP blockchain has a TVL of $20.1M and is hardly able to generate revenue of $10.5M, which is the low as compared to the previously discussed blockchains. Avalanche blockchain comes in the last third position in the blockchains given list with active addresses of 432.6K and holding a TCL of $1.5B, along with $8.3M revenue.

Injective blockchain is hardly able to make its position in the list, although it stands at the second last position with TVL of $30.6M and 138.7K active addresses with $6.0M revenue. Last but not least, Polygon blockchain got the last position in the race of blockchains in 2025. Polygon has the least figure of $5.5M in revenue generation and has a TVL of $1.1B with 14.2M active addresses.