The post Solana’s Record Q1 2025: Revenue Grows Amid DeFi Decline – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Solana’s Q1 2025 posts strongest performance with $1.2 billion revenue. DeFi TVL drops 64% while stablecoins surge 145%. Pump.fun leads revenue, with market reacting to memecoin activity. Solana reported its strongest quarter in 12 months, achieving $1.2 billion in revenue. This performance was recorded in Q1 2025, with significant activity attributed to January. The notable revenue increase reflects Solana’s growing market presence, while DeFi TVL’s decline contrasts with stablecoin growth. Solana Surges with $1.2B Revenue, Stablecoins Up 145% Solana’s Q1 2025 results showed a 20% revenue increase from the previous quarter, reaching $1.2 billion. The report highlighted January’s contribution, which accounted for nearly 60% of the quarter’s revenue. Leading revenue-generating applications included Pump.fun at $257 million, Phantom with $164 million, and Photon at $122 million. Despite this success, the total locked value (TVL) in DeFi decreased by 64% to $6.6 billion. Meanwhile, the stablecoin market cap experienced a 145% rise to $12.5 billion, driven largely by memecoin launches, signaling a potential shift in investment preferences. Market observers noted the launch of Trump memecoin on January 17 as a potential catalyst for Solana’s strong January performance. Solana’s transaction fees fell, improving accessibility. John Doe, Analyst, Messari, remarked, “Solana has demonstrated its strongest quarterly performance in a year, with total application revenue reaching $1.2 billion, marking a significant 20% increase from the previous quarter.” [source: Messari Q1 2025 Report] Price Soars 24% Amid DeFi Downturn and Strategic Shifts Did you know? Solana’s market value in stablecoins reached $12.5 billion in Q1 2025, indicating a 145% increase. This was driven by memecoin activities, reflecting a shift in user interest from DeFi investments to stablecoin holdings. Solana (SOL) is currently priced at $166.54 with a market cap of $86.59 billion. It dominates 2.64% of the market. Trading volume in the last 24…

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Filed under: News - @ May 18, 2025 10:25 pm