Solana Pulls $2.85B in Annual Revenue, Outpacing Ethereum's Early Growth by 30x [Yahoo! Finance]
Forward Industries, Inc. (FORD)
US:NASDAQ Investor Relations:
forwardindustries.com
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Source: Yahoo! Finance
Key Takeaways: Solana generated $2.85 billion in annual revenue, with trading platforms contributing nearly 40% of the total. The network peaked at $616 million in January during the memecoin boom, maintaining strong monthly revenues afterward. Solana's growth now outpaces Ethereum's early performance by over 30x, fueled by high activity, efficiency, and institutional adoption. The bulk of that income was fueled by trading platforms, which accounted for $1.12 billion, or roughly 39% of total revenue. Solana's Revenue Peaked at $616M Amid January's Memecoin Frenzy Between October 2024 and September 2025, Solana averaged around $240 million in monthly revenue, peaking at $616 million in January during the memecoin mania driven by tokens such as Official Trump (TRUMP). Even after the hype faded, monthly figures remained steady between $150 million and $250 million, levels unseen by any blockchain at a similar stage of development. Validator fees across Solana's ecosystem
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- Forward Industries Announces NASDAQ Ticker Symbol Change to ‘FWDI’ Effective November 17, 2025Business Wire
- Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering [Yahoo! Finance]Yahoo! Finance
- Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
FORD
Sec Filings
- 12/5/25 - Form 8-K
- 11/14/25 - Form 8-K
- 11/14/25 - Form 424B5
- FORD's page on the SEC website