DeFiLlama’s data revealed that Ethereum had flipped the GMGN Telegram bot in weekly revenue less than 24 hours ago despite falling to 17th place in weekly revenue rankings. The Telegram bot BullX generated more revenue than Ethereum in the past seven days as Tether held steady at the top in terms of annual, monthly, weekly, and 24-hour revenue.
Token Terminal’s data showed that Ethereum’s weekly revenue dropped 29.1% to $21M during week one of 2025 (Jan 5 – Jan 11) and 7.2% to $19M during week two (Jan 12 – Jan 18). Ethereum’s revenue sharply rose by 123.7% to $43.6M during week three (Jan 19 – Jan 25) before plummeting again 74.1% to $11.3M in week four (Jan 26 – Feb 1).
The revenue then went up 32.9% to $15M during week five (Feb 2 – Feb 8) before dipping by 92.1% to $1.1M in week six (Feb 9 – Feb 15).
Ethereum revenue takes a dive as Tether holds strong
Ethereum has just dropped down to 17th place in terms of weekly revenues.
The GMGM Telegram bot has generated more revenue in the past 7 days than the entire Ethereum base chain. pic.twitter.com/jKfSNVWogp
— Nic (@nicrypto) February 12, 2025
DeFiLlama’s data revealed that the Ethereum chain’s revenue ranking had dropped to 17th place, behind the Solana and Tron chains, which ranked 5th and 13th, respectively. Ethereum’s revenue was $461,2K in the last 24 hours, $3.03 million in the past week, $83.63 million in the past month, and $1.836 billion in the year.
The Solana chain generated a revenue of $3.02 million in the past 24 hours, $15.76 million in the past seven days, $122.08 million in the past month, and $499.15 million in the past year. Conversely, Tron generated $1.83 million in the past 24 hours, $11.61 million in the past week, $53.45 million in the past month, and $592.2 million in the past year.
The DeFiLlama data also showed that the stablecoin issuers Tether and Circle ranked among the top 10 revenue earners. Tether outperformed all the other crypto projects, including its rival stablecoin issuer Circle, which ranked 6th.
Tether generated a revenue of $18.13 million in the past 24 hours, $126.58 million in the past week, $534.1 million in the past month, and $5.496 billion in the past year. Circle had a revenue of $5.88 million in the past 24 hours, $40.89 million in the past seven days, $162.02 million in the past month, and $1.476 billion in the past year.
Solana apps generate significantly more revenue than Ethereum’s
DeFiLlama’s data also revealed that Solana apps continued to outperform their Ethereum rivals in terms of revenue generation despite decreased retail trading volumes and a broader crypto market slowdown.
The data indicated that Solana had maintained a significant revenue gap over Ethereum, with Solana apps raking in nearly 10x more than their Ethereum counterparts as of January 10th.
Solana’s revenue advantage persisted even when considering Ethereum’s layer 2 solutions, which are designed to enhance the network’s capacity for handling trading activity. On February 9th, Solana generated over $8 million in revenue compared to Ethereum’s $875.57K.
According to Investing.com, the boost in Solana’s revenue was attributed mainly to the increase in memecoin trading. In association with Securitize and Wormhole, Apollo Global Management also revealed the tokenization of their $1.3 billion Apollo Diversified Credit Fund (ACRED) on several blockchains, including Solana. Messari’s research confirmed that Solana’s cumulative app revenue surged by 213% in Q4 of 2024.
Per Investing.com, Solana’s TVL, at $9.5 billion, was significantly lower than Ethereum’s $56.8 billion, but this did not seem to impact Solana’s ability to generate revenue. Ethereum’s leading L2s, Base and Arbitrum, had TVLs of $11.5 billion and $14 billion, respectively.
