Solana Maintains Top Blockchain Mindshare in 2025 Amid Growing Ecosystem Developments
In 2025, Solana captured 26.79% of blockchain-specific mindshare, maintaining its position as the top platform for the second consecutive year, though this represented a decline of 12.0 percentage points from 38.79% in 2024.
The year’s blockchain mindshare leaders were Solana at 26.79%, Base at 13.94%, Ethereum at 13.43%, Sui at 11.77%, and BNB Chain at 9.05%.
Base ecosystem held the second spot with 13.94% mindshare, down from 16.81% in 2024. Key developments contributing to Base’s standing included the Wallet rebrand to Base app, integration of USDC payments on Shopify, and the rollout of the x402 upgrade.
Ethereum ranked third with 13.43% mindshare, an increase of 2.7 percentage points year-over-year. The layer 2 (L2) ecosystem remains competitive with over 50 L2 solutions, but it is consolidating; Base, Arbitrum, and Optimism now process nearly 90% of all L2 transactions, with Base alone accounting for over 60%.
Smaller rollups have declined by 61% since June, raising concerns about the sustainability of many "zombie chains" likely to fail by 2026.
Sui and BNB Chain were the year’s biggest gainers, nearly doubling their market shares. Sui increased by 6.9 percentage points to 11.77%, while BNB Chain rose by 4.9 percentage points to 9.05%.
Solana’s momentum was bolstered by Coinbase enabling native decentralized exchange (DEX) trading for Solana tokens on its mobile app and a planned acquisition of Vector, a Solana-native trading platform, expected to close by year-end.
New entrants XRP Ledger and Bittensor entered the top 10 blockchains by mindshare. Hyperliquid rose to 1.57% mindshare, while TON slipped by 5.0 percentage points year-over-year.
Institutional interest in tokenized assets on Solana was highlighted by Bhutan’s launch of TER, a gold-backed digital token issued via DK Bank.
Updates on the Solana ecosystem also included Jupiter’s development of the JupUSD stablecoin in collaboration with Ethena. Jupiter Lend exited beta after reaching $1 billion in supply. Throughout 2025, Solana’s decentralized exchanges processed $1.08 trillion in combined spot and perpetual volume and maintained a total value locked (TVL) of $2.7 billion.
