Solana, a significant competitor to Ethereum, continues to enhance its standing in the decentralized application market, showcasing impressive financial performance.
Solana vs. Ethereum Comparison
Solana and Ethereum consistently compete against each other in various metrics such as DEX volume, revenue from decentralized applications, and DeFi dominance. According to TheBlock, Solana has maintained its leading position in DEX volume since October 2024, achieving $5.78 billion as of 2025 compared to Ethereum’s $4.7 billion. Moreover, Solana outpaces Ethereum in fees collected from different protocols and dApps.
Solana Price Analysis
Currently, Solana is consolidating above the $140 support level and showing signs of possible growth. The SOL/USDT chart indicates that a 15% increase could lead to testing resistance at $170. The key resistance levels also include $200 and $218.40. RSI and MACD indicators support the thesis of further price gains for Solana.
Solana Ecosystem Updates
Bitcoin trade volume on Solana reached a record high in the second quarter of 2025. A recent tweet announced the winners of the Colosseum hackathon — the largest startup event in the crypto space featuring more than 10,000 participants from over 140 countries. Additionally, estimates were presented showing how Visa and Mastercard could drastically reduce their transaction costs by switching to Solana’s blockchain.
Solana remains at the forefront of decentralized applications, steadily increasing its revenues and attracting investor and user attention through innovations in its ecosystem.
