In 2025, the revenue performance of major public blockchains shows significant divergence: Solana recorded a massive net loss of $4.15 billions.

Golden Ten Data reports that data analytics firm Kaiko has released its 2025 public blockchain revenue report. The data shows a significant divergence in revenue performance among mainstream public blockchains in 2025: Solana recorded a massive net loss of $4.15 billions, Ethereum had a net loss of $1.62 billions, while Tron successfully covered inflation costs with $624 millions in revenue, becoming the only mainstream public blockchain to achieve profitability and token deflation.