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The revenue data for the public chain ecosystem in 2025 has just been released, and the entire market shows a polarized pattern.
Solana is leading the pack, with $1.3 billion in revenue, firmly holding the top spot, and is currently the only public chain to surpass the $1 billion mark. This figure clearly demonstrates its leading position in ecosystem prosperity. Hyperliquid follows closely behind, with revenue reaching $816 million, showing a significant growth trend despite the gap.
Tron performed well, with revenue reaching $608 million, maintaining its position in the top tier. Surprisingly, Ethereum's ranking has dropped to fourth place, with revenue of $524 million, reflecting the competitive pressure brought by Layer 2 ecosystem diversification and the rise of other public chains.
BNB Chain's revenue reached $257 million, while edgeX stands at $169 million. Overall, the revenue distribution among leading public chains has formed a new tier, and the ecosystem competition landscape continues to evolve in 2025.