Solana blockchain has gained huge traction in 2024 and the first quarter of 2025, but now its growth seems to be steady, which raises questions over its overall TVL growth by the end of 2025. Since the beginning of this year, the growth of the BSC chain has been largely appreciated, with TVL and market cap both growing appreciably.
According to the data from Defilama on January 01, 2025, the TVL on Solana was $8.53 billion, and on the same date, the TVL on the BSC chain was $5.523 billion. The Solana TVL reached $10.633 billion by August 11, 2025, and the TVL of BSC has touched $7.156 billion.
Source: DeFiLlama (Solana TVL)
Yet the stablecoin market capitalization on the Solana chain is now $11.048 billion, which saw a decline of -$162.03 million; however, the stablecoin market capitalization of BSC grew by $171.58 million, reaching $11.21 billion and making it bigger than the Sol chain.
BSC eyes to beat Solana in terms of TVL
It not easy for BSC to Solana chain in terms of TVL but there are a few primary factors that could help it to surpass are the number of projects on both the chains and their hype in the market, in 2024 Solana was topping as the number of projects on the SOL chain were becoming popular and majorly backed by the launch of memecoin which pulled suddenly pulled its TVL to new highs.
Source: DeFiLlama (BSC chain TVL)
However, with time, the number of dead projects on Solana has surged, and only a few memecoins projects have survived and launched in the last few months. And now projects such as Pudgy Penguins, Bonk, Official Trump, Fartcoin, and Dogwifhat are some major ones on the SOL chain.
Market capitalization of stablecoins has continued to shrink; USDC is still dominant with around 72.10% of dominance, followed by USDT, which saw a 12.75% and its cap on SOL chain has reached $2.022 billion, and First Digital USD contributes only $303.58 million.
On the other hand, BSC chain fees in the past 24 hours are $315,679, and in the same duration, the revenue was $31,568. However, the DEX volume was $1.685 billion, and in the past 7 days it was $12.138 billion by 9.53%.
The fees in the same frame by the Solana chain were $1.41 million, and the revenue was $150,838, but the revenue and fees seem to be failing constantly, and the figure of the BSC chain seems to be improving.
It is worth noting that both Binance token and Solana have outperformed in terms of prices, and BNB recently $859.56, marking its all-time high. In the past 24 hours, it was seen trading near $830 at $826.51.
Solana has added more than 3.00% in the last 24 hours, but as of writing, its spike faded and has mirrored a loss of 1.22% and is exchanging hands at $177.77. Both Solana and BSC chains are prominent and have unique features, and are expected to reach a new mark by the end of this year.
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