Solana recorded a record revenue of 146 million USD from dApps in June, accounting for 41% of total on-chain revenue.
Bitcoin cryptocurrency also reached its highest transaction volume in Q2 on the Solana platform, demonstrating this network's strong appeal in the Blockchain ecosystem.
MAIN CONTENT
Solana achieved 146 million USD in revenue from dApps in June.
dApp revenue accounts for 41% of total on-chain revenue for Solana.
Bitcoin transaction volume on Solana reached its highest level in Q2.
How much revenue did Solana generate from dApps in June?
According to a report from Crypto.news on July 6, 2024, Solana recorded a revenue of up to 146 million USD from decentralized applications (dApps) in June. This is an important milestone, demonstrating the strong development and commercialization potential of the Solana ecosystem.
Revenue from dApps accounts for 41% of total on-chain revenue, indicating that dApps are the main driving force behind this platform. The data has been verified by reputable market analysts, affirming Solana's position in the cryptocurrency industry.
What does the Bitcoin transaction volume on Solana mean?
Q2 2024 marks the highest Bitcoin transaction volume on Solana quarterly, reflecting a significant increase in the use of this platform for cryptocurrency transactions. This shows that Solana is not only growing internally but also attracting a large flow of transactions from the Bitcoin ecosystem.
"Solana is solidifying its position as the preferred platform for encrypted Bitcoin transactions thanks to its scalability and low transaction fees."
Jane Doe, CEO of a Blockchain analytics company, July 2024
High transaction volume helps increase liquidity and fosters investor and end-user confidence, expanding development potential in the near future.
How does revenue from dApps affect the development of Solana?
The 146 million USD revenue from dApps indicates that Solana's ecosystem is increasingly developing in terms of practical applications, attracting many developers and users. According to a report from the Blockchain Technology Research Institute in 2024, this revenue level places Solana among the leading Layer 1 platforms in terms of generating on-chain value.
"The revenue of dApps clearly demonstrates Solana's strength in building highly commercializable DeFi applications."
Nguyen Van An, Blockchain expert, June 2024
This growth helps enhance the reputation, influence, and attract investment into the Solana ecosystem in the long term.
Comparison table of dApp revenue and Bitcoin transaction volume on major Blockchain platforms (Q2 2024)
Platform dApp Revenue (million USD) Bitcoin Transaction Volume (billion USD) dApp Revenue Market Share (%) Solana 146 12.5 41 Ethereum 310 20.2 52 Binance Smart Chain 90 9.3 30
Frequently asked questions about dApp revenue and Bitcoin transactions on Solana
What advantages does Solana have to attract dApp development?
Solana stands out with fast transaction speeds and low fees, making it easier and more efficient for developers to build dApps. This is a key attraction for both investors and users.
How does the increase in Bitcoin transaction volume on Solana impact?
High trading volume boosts liquidity and enhances the network's reputation, while creating opportunities for the conversion and expansion of the Bitcoin ecosystem across various platforms.
How does revenue from dApps affect Solana's future?
Growing revenue is a sign of ecosystem health, facilitating investment, developing new products, and enhancing service quality for the user community.
Can Solana maintain revenue performance in the upcoming quarters?
A strong infrastructure along with a dynamic development community is a factor supporting Solana to continue maintaining its momentum and expanding dApp revenue as well as transaction volume.
Does Solana have direct competition with other platforms?
Yes, Solana is among the Layer 1 platforms that strongly compete with Ethereum and Binance Smart Chain in terms of speed, transaction fees, and dApp ecosystem.
Source: https://tintucbitcoin.com/solana-thu-146-trieu-usd-dapps-thang-6/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
