Solana Outperforms Ethereum in Q2 Revenue: Can Ethereum Regain Momentum in Q3?
Solana Leads Q2 2025 in Network Revenue, Putting Pressure on Ethereum's Market Dominance
SOL price consolidates around $149 as mixed indicators reflect market volatility.
Ethereum volume jumped 35%, but the price is still holding below key resistance at $2,570.
Solana has officially surpassed all other blockchains, including its closest competitor Ethereum, to become the leader in network revenue for the second quarter of 2025. This significant milestone puts pressure on Ethereum, which has long dominated the decentralized finance and smart contracts space.
Solana's efficiency, high throughput, and growing institutional interest have clearly led to higher usage and revenue. As Q3 progresses, the focus shifts sharply to how Ethereum will respond in terms of both network performance and market price.
Despite Solana’s revenue dominance, its price action is showing signs of consolidation. Trading at $149.49 at press time, SOL is down 1.13% on the day. It bounced from strong support near $146.30 to $146.50, a level that has seen several intraday bounces. Another layer of buying interest has emerged near $148.00, indicating short-term accumulation.
Ethereum, meanwhile, is trading at $2,558.09 after a turbulent day. The price fell to a session low of $2,510 but has managed to recover. However, this rebound remains capped by resistance at $2,570.
A break of this level is crucial for a sustainable bullish reversal. A failure here could push the price back to the key psychological level of $2,500. Notably, trading volume has increased by more than 35% in the last 24 hours, indicating increased trader activity.
