Solana Surpasses Ethereum in Q2 Revenue: Can Ethereum Regain Momentum in Q3?

Solana has officially surpassed all other blockchains, including its closest rival Ethereum, to take the lead in network revenue for the second quarter of 2025. This significant milestone puts pressure on Ethereum, which has long held dominance in decentralized finance and smart contract activity.

Solana’s efficiency, high throughput, and increasing institutional interest have clearly translated into higher usage and revenue. As Q3 unfolds, the focus shifts sharply toward how Ethereum will respond both in terms of network performance and market price

dynamics.

Solana Leads in Revenue, But Price Action Stalls

Despite Solana’s revenue dominance, its price action shows signs of consolidation. As of press time trading at $149.49, SOL is down 1.13% on the day. It bounced off strong support around $146.30 to $146.50, a level that has triggered multiple intraday rebounds. Another layer of buyer interest appeared near $148.00, indicating short-term accumulation.

Source: CoinMarketCap

On the upside, the resistance at $153.00 capped the recent rally, creating a ceiling for further gains. The $151.00 level also presented selling pressure, suggesting hesitation among bulls. Although momentum initially looked strong, the rejection near $153.00 pulled the price into a sideways range between $146 and $150.

Related: Are SOL, DOGE, XRP And ADA Preparing For ‘Disbelief Pump’?

SOL/USD daily price chart, Source: TradingView

Technical indicators show a mixed outlook. The MACD suggests weak bullish momentum, with the MACD line barely above the signal line. Meanwhile, RSI is hovering near 49.79, highlighting indecision and the potential for either a breakout or breakdown. For now, Solana appears to be in a holding pattern, despite its strong fundamentals.

Ethereum Struggles to Regain Strength

Ethereum, meanwhile, trades at $2,558.09 after a turbulent day. The price dipped to a session low of $2,510 but managed to recover. This rebound, however, remains capped under the $2,570 resistance.

Source: CoinMarketCap

Breaking this level is crucial for a sustained bullish reversal. A failure here could push the price back toward the key psychological level at $2,500.Notably, trading volume surged over 35% in the last 24 hours, suggesting increased trader activity.

Related: A Look at Why Solana, Ethereum, and SUI Are on Every Trader’s Radar for July

ETH/USD daily price chart, Source: TradingView

Despite this rise, the MACD histogram is flattening. A potential bearish crossover looms if downward momentum continues. RSI sits at 54.30 and is climbing, pointing to mild bullish interest.