Solana Tops All L1s in Q1 with $370M in Fees
Solana leads Layer-1 blockchains in Q1 2025 fees, earning $370M—more than Ethereum and TRON.
- Solana collected $370M in Q1, the highest among L1 blockchains
- Outperformed Ethereum, TRON, and BNB Chain in fee revenue
- Signals growing network usage and ecosystem strength
Solana Dominates L1 Blockchains in Q1
Solana has surged ahead of its competitors in Q1 2025, leading all Layer-1 (L1) blockchains with an impressive $370 million in fee revenue. According to CryptoRank, this figure places Solana firmly at the top of the pack—outpacing heavyweights like Ethereum, TRON, and BNB Chain.
This performance marks a major milestone for the Solana ecosystem. The significant fee revenue reflects high on-chain activity, growing user demand, and increased adoption of Solana-based applications. As network usage continues to rise, Solana’s position in the Layer-1 race is becoming stronger and more competitive.
What’s Driving Solana’s Growth?
Several factors contributed to Solana’s dominance in Q1. The blockchain has become a go-to platform for decentralized applications (dApps), especially in gaming, NFTs, and DeFi. Its fast transaction speeds and low fees have made it a user favorite, while recent upgrades have improved scalability and reliability.
Moreover, Solana’s developer ecosystem has seen a boost, with new projects launching and existing protocols expanding. The growth in smart contract activity and higher user engagement naturally led to the increase in fees—an indicator of a healthy, active blockchain.
This spike in usage also comes amid a broader shift in market sentiment, with investors and developers increasingly seeking alternatives to Ethereum due to its congestion and cost.
Solana vs. Ethereum and the Rest
Ethereum, long the dominant L1, was outpaced by Solana this quarter—a surprising development for many market watchers. TRON and BNB Chain also lagged behind in total fee revenue, despite maintaining strong user bases.
Solana’s Q1 performance suggests that the L1 landscape is becoming more competitive. As the ecosystem matures, it’s not just about longevity—speed, cost-efficiency, and user experience are proving to be key drivers of success.
With momentum on its side, Solana may continue to attract more projects and users in the coming quarters, solidifying its place among the top blockchain networks.
