The Solana ecosystem has seen an impressive surge in user engagement, as noted in the Solana Network Health Report published on June 20, 2025, which states that its app revenue exceeded $1 billion in Q2 2025.
It is worth noting that the app revenue for Solana has been growing consistently for Q3 2023. The app revenue is healthy and industry-leading.
In Q2 2025, the Solana app revenue was comparatively higher than in Q1 2025, yet the revenue on other networks declined.
As of now, Solana’s app revenue is greater than the combined total of all other blockchain networks. Following the spike in revenue, validator income has also surged, reaching $800 million in a quarter.
In 2024, Solana became one of the most prominent blockchains in attracting new developers; it alone attracted 7,625 new developers, much more than any other chain, not even Ethereum.
Is Solana once again gaining traction in a decentralized ecosystem?
The report by Solana notes that the Nakamoto Coefficient of the network is much greater than Ethereum, Sui, and Sei.
The geographical bifurcation of Solana validators is unique, with no single nation holding more than 33%; Germany stands at the top with 23.55%, followed by the United States with 17.37%, and the Netherlands with 14.36%.
Solana Network has experienced 100% uptime for nearly 16 months and is still counting, which means it is able to handle transactions without the network facing any downtime or crashes.
The report reads that the replay times, which in 2022/2023 were at a bottleneck, have been dramatically improved and no longer constrain the network. They are consistently below 400ms, making epochs reliably just under 48 hours as expected.
Also, the CU limits have been raised to 50m and will soon be bumped to 60m. During periods of high network activity in January 2025, the Solana Network broke several records, including all-time highs of activity for any blockchain in history.
In this period of high activity, Solana successfully processed several days of over 200M daily transactions, 400k new wallet downloads, over $200 million in liquidity inflow, and DEX volume of up to $39 billion a day.
What is backing the skyrocketing popularity of Solana?
Solana has become a hub for DeFi and NFT projects with platforms like Orca, Raydium, and Jupiter driving significant activities; it has also emerged as the go-to blockchain for memecoins such as Dogwifhat, Bonk, Fartcoin, and Trump coin.
Major institutions such as Franklin Templeton, Visa, and Société Générale have Solana for its tokenizing efficiency; its integration with Shopify has also allowed millions of new users to use Solana Pay for the 1st time.
Some of the known crypto ETF providers have already filed their applications with the respective regulators and commissions to offer a Solana spot ETF to make SOL more common and easy to trade for common users.
On the other hand, some publicly listed companies have heavily invested in Solana. Upexi (NASDAQ) holds 679,677 SOL, DeFi Development Corp has 621,313 Solana tokens, Sol Strategies holds 420,796 tokens, Sol Global Investment Corp has 40,350 SOL, Torrent Capital Limited has 40,039 Solana, and Classover Holdings has 13,189 SOL.
A quick overview of Solana prices
According to the data from CoinMarketCap, Solana is currently trading at $140.85 with a loss of 4.68% and has lost around 3.40% in a week. Also, the market capitalization of Solana saw a decline of 4.16%, reaching $74.81 billion.
Source: CoinMarketCap
In the intraday time frame, Solana traded highest at $148.72 and lowest at $136.51, and in the past 52 weeks, it traded highest at $294.33 and lowest at $96.59.
Yet since the beginning of 2025 till writing, Solana prices have faced a severe decline as it lost 18.88% of its price in a month and 25.64% YTD.
