The performance of mainstream public chains in 2025 shows significant divergence: Solana recorded a massive net loss of $4.15 billion

Data analysis firm Kaiko released the 2025 public chain revenue report, showing that the performance of mainstream public chains in 2025 has significantly diverged: Solana recorded a massive net loss of $4.15 billion, Ethereum had a net loss of $1.62 billion, while Tron successfully covered inflation costs with $624 million in revenue, becoming the only mainstream public chain to achieve profitability and token deflation.