2025-12-27 15:21:01

The revenue landscape of public chains in 2025 has shown a clear differentiation. Solana leads by a wide margin with $1.3 billion, becoming the only public chain to surpass the $1 billion mark, which is quite impressive. Hyperliquid follows closely behind with $816 million in revenue, but the gap with Solana is still significant. Tron ranks third with $608 million. Interestingly, the former industry leader Ethereum has fallen to fourth place with $524 million. Further down, BNB Chain reaches $257 million, and edgeX reaches $169 million. The overall industry revenue distribution shows a clear top-heavy concentration, with Solana's lead being quite prominent.

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LiquidityOracle

· 12-27 15:50

Sol is really taking off this time, with $1.3 billion directly surpassing ETH. The shift is happening so quickly. Solana is truly amazing, turning into the industry’s top player within a year. The crypto world is changing. Hyperliquid reaching over $800 million is quite impressive, but the gap with Sol is still quite large and somewhat uncertain. I really didn’t expect ETH to drop to fourth place. Has the leading position just disappeared? The concentration of top projects is quite painful. Where are the opportunities for smaller chains? Solana’s momentum is a bit frightening. Other public chains need to think about how to break through. This level of differentiation makes it feel like projects behind will find it increasingly difficult to stand out. $1.3 billion vs. $524 million—such a big gap, is it really justified? Tron managing to stay stable in third place is a bit surprising—an quietly accumulating player. Solana is now truly at a dominance level.

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DancingCandles

· 12-27 15:47

Sol has really taken off, directly surpassing Eth by five streets with 1.3 billion... How did Eth drop to fourth place? It's still a bit surprising. Hyperliquid with only 800 million can rank second, this track is really crazy. With such serious concentration at the top, is there still a way out for retail investors? How did Sol come about this time? Is it another meme coin explosion? Tron’s stability is pretty good, better than expected. Are these data real? It feels like Solana’s data is a bit exaggerated... BNB is only 250 million, and still dares to talk about the ecosystem... The battle of public chains has long been decided; Sol has already taken off. Has Ethereum fallen to this extent? It has a bit of a bearish tone.

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MerkleTreeHugger

· 12-27 15:42

sol this wave really took off, $1.3 billion crushing all public chains, how did ETH fall to fourth place... --- hyperliquid has surged rapidly, just a short time to break into the top two, this track is a bit crazy --- The concentration at the top is so serious, small and medium public chains must be feeling a lot of pain --- tron 600 million is okay, but the gap with sol is indeed outrageous, not in the same league --- ETH falling behind, I really didn't expect that, market changes are so fast --- solana dominates alone, other chains are simply incomparable --- So now it's just sol and hyperliquid fighting, are others just supporting roles? --- Looking at this data, maybe only three or five main chains will be active in the future, small chains are really getting harder and harder --- bsc only 257 million, I thought it should be more competitive --- Wait, are these all public chain revenues? Transaction fees and such?

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InscriptionGriller

· 12-27 15:34

Hmm, Solana this wave is really fierce, leading the pack effortlessly and crushing everyone, ETH has even fallen to fourth place, that must be so frustrating haha. --- The top-tier concentration is like harvesting chives; SOL eats the meat while the rest are left drinking soup. --- Solana 1.3 billion? Now that's what you call a winner in technological competition. Poor Ethereum is still struggling. --- Wait, Hyperliquid with only 800 million dares to compare with SOL? Is this capital pool reliable? It's a bit suspicious. --- Old horses know the way but new steeds are faster; ETH has really been pressed to the ground and rubbed this time. --- Those who can catch the benefits of this SOL wave are truly tough players; other public chains are gradually becoming side dishes. --- Just realized, now you have to follow SOL; others are easily becoming prey for chive harvesters.

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