The #سولانا network continues to attract strong engagement, with application revenues surpassing $1 billion.
Solana ($SOL ) continues to achieve strong user engagement. The Solana Foundation published its report on the health of the Solana network on Friday, showcasing its performance in the second quarter of 2025. Notably, application revenues on the network exceeded $1 billion for the second consecutive quarter.
Application Revenues by Series | Source: Solana Foundation
In the second quarter, Solana application revenues increased compared to the first quarter, even as application revenues on other main networks declined. In fact, Solana's application revenues now surpass the total revenues of all other blockchain networks combined.
This activity also contributed to a sharp rise in validator income, which averaged a quarterly level of $800 million. It peaked on January 19, reaching revenues of $56.9 million in a single day. At the same time, validator costs significantly decreased.
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It is worth noting that the share of $SOL
The breakeven point required for validators to cover their costs has significantly decreased. Validators now only need 16,000 SOL to break even, down from 50,000 SOL in 2022. According to the Solana Foundation, this reflects a significant improvement in network efficiency.
Solana also topped the lists for attracting new developers. In 2024, the network attracted 7,625 developers, surpassing any other blockchain platform, including Ethereum.
The number of new developers exploring various cryptocurrency systems
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The U.S. Securities and Exchange Commission (SEC) may approve the Solana ETF in the coming weeks.
The Solana Foundation showcases gains in decentralization
According to the #Solana foundation, the network has achieved significant gains in decentralization. The Nakamoto coefficient, used to measure the decentralization of the network, reached 20 by June. This places Solana ahead of #Ethereum , $SUI , and #SEİ , which have coefficients of 6, 18, and 7, respectively.
Solana validators are also geographically distributed, with no single country or data center controlling more than 33% of the total share. Germany leads with 23.55%, followed by the United States with 17.37%, and then the Netherlands with 14.36%.
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