The Solana ecosystem is cooking again.

Strong comeback for infrastructure, application revenue for Raydium reached a local high in May, $12.69M USD in revenue.

Volume is up 35% to $46B USD.

Cross-chain Solana is a main driver for the rise in application revenue in broader crypto, with a significant increase compared to March and April.

Also means more value is driven back to the respective tokens, Raydium for example did $4.7M USD in $RAY buybacks in May