BlockBeats News, January 15th, Blockworks data analyst Dan Smith calculated that Solana's DeFi ecosystem generated $7.51 billion in revenue in Q4 2024, surpassing Ethereum, which generated $3.14 billion.
Smith added that this data is from DeFiLlama, does not yet include revenue from Circle and Tether, and is considering allocating their revenue across chains based on circulating supply share.