Introduction
How does Solana distribute billions in real economic value (REV)?
Throughout the course of 2024, Solana’s on-chain activity soared, and the fees the chain generated spiked in turn. According to analysis from Blockworks, in Q4 2024 Solana even managed to eclipse Ethereum in terms of REV with $1.4 billion in tips and fees generated, and heading into 2025 Solana sits comfortably as the leading blockchain ecosystem for capturing value on user activity.
But where does all that val
