Solana Weekly Revenue Surpasses Ethereum by 566%, Axiom Exchange Tops Protocols; Bitcoin Hits $97,000, Ethereum Deploys Pectra Upgrade

In April 2025, Solana's decentralized applications (DApps) generated over $162 million in revenue, with weekly revenue surpassing that of all other blockchain chains combined by 566%, including Ethereum. Solana's total decentralized exchange (DEX) volume exceeded $800 billion year-to-date, with April's DEX volume reaching $111 billion, up 14% month-over-month. The network saw 24.2 million active addresses in one week and a stablecoin supply increase of 154.39% since the start of the year, totaling $12.6 billion in stablecoins on Solana, contributing to a 3.8% month-over-month growth in stablecoin supply. Axiom Exchange overtook PumpDotFun as the top revenue-generating protocol on Solana over the past seven days. Globally, stablecoin supply rose 45.31% over the past year, with Tether (USDT) accounting for 65.8% of the market, and non-USD fiat stablecoins surged 30% in April amid U.S. tariff disputes, led by Euro stablecoins holding an 84.9% market share. Meanwhile, Bitcoin (BTC) traded above $97,000, reaching a four-year dominance high of 65%, and Ethereum (ETH) deployed its Pectra upgrade, increasing the maximum stake to 2,048 ETH. New Hampshire became the first U.S. state to pass a bill allowing it to invest in Bitcoin, marking a notable development in institutional adoption. The crypto market experienced increased activity with notable inflows into spot BTC ETFs and various protocol upgrades and token unlocks across multiple blockchains.

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