Solana (SOL) has overtaken Ethereum (ETH) as the fastest-growing Layer 1 blockchain in 2025, driven by rapid developer growth and adoption across DeFi, payments, and AI. According to 21Shares’ latest report, Solana processed $364 billion in volume in early 2025, surpassing Ethereum and Coinbase. Its low fees and high-speed transactions are attracting both crypto-native users and major institutions.
- Solana processed $364 billion in volume in early 2025, surpassing Ethereum and Coinbase, with over 100 million monthly active users.
- Stablecoin supply on Solana grew 600% year-over-year to $12 billion, while DeFi TVL doubled to $8 billion, narrowing Ethereum's lead.
- Solana dominates crypto-AI with 66% of AI agent activity and leads in DePIN market cap ($4.2B), hosting projects like Helium and Render Network.
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