The report highlighted that Solana has led all blockchains in REV since October 2024 and reached $551 million in January 2025.
REV is a metric that measures the monetary demand for using a blockchain’s network for transactions, including base transaction fees and out-of-protocol tips.
The network processed approximately 162 million transactions daily, with an average slot time of around 390 milliseconds (ms), and has not halted since February 2024.
According to the report, the upcoming Alpenglow consensus code, currently in the testing phase, aims for a finality of 100 to 150 ms and reduces validator breakeven capital to approximately $75,000.
The total value locked averaged between $8 billion and $9 billion during the first half of 2025, with an 18% quarter-on-quarter increase, placing Solana second only to Ethereum.
Jupiter’s platform for perpetual swaps handled approximately $1 billion in daily volume and accounted for 79% of the on-chain perps market, while trading bots executed roughly half of all swaps.
Liquid staking token JitoSOL kept about 39% of the staking share. The network settled 81% of all DEX trades in 2024 and cleared $890 billion in DEX trading volume during the first five months of 2025.
The report added that crowdsourced-mapping project Hivemapper covered 30% of the global roads, and the tokenized-asset marketplace Baxus logged an 11,500% increase in crypto payments, alongside a 50-fold rise in overseas buyers.
