Market Bullish - Coinfutura

  • Solana earned $146 million in dApp revenue in June 2025, exceeding Ethereum and BNB in decentralized application earnings.

  • The Solana blockchain led in DEX volume and smart contract fee collection, reinforcing its DeFi leadership through mid-2025.

  • Bitcoin activity on Solana surged in Q2 2025, highlighting growing interest from BTC traders and developers in the ecosystem.

Solana recorded the highest decentralized application (dApp) revenue in June 2025, reaching over $146 million. This figure places Solana ahead of key rivals, including Ethereum and Binance Smart Chain, strengthening its lead in the decentralized finance (DeFi) sector.

Since then, Solana has consistently exceeded Ethereum in the volume of decentralized exchange (DEX) and smart contract activity after October 2024. According to the numbers released by IntoTheBlock, DEXs based on Solana were able to achieve a volume of more than 5.78 billion USD during the month of June, with its rival, such as Ethereum, having recorded more than 4.7 billion USD, trailing behind.

Since November 2024, Solana has also been leading in transaction fees paid to applications and protocols, which illustrates high levels of developer and user interest throughout the network.

Decentralized Application Revenue Outpaces Competitors

Solana’s dApp revenue accounted for 41% of its total blockchain revenue in June. This share remains significantly higher compared to Ethereum and Binance Smart Chain, demonstrating deeper integration of utility and usage across decentralized platforms within the Solana network.

The performance signals robust demand for decentralized services deployed on Solana, which continues to attract developers and liquidity providers to its ecosystem.

Solana’s native token, SOL, is consolidating above the $140 support level. Analysts are observing a potential 15% rally toward the $170 resistance level.

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have maintained signs of bullish moves. When a close above $150 is observed every day, it might verify the upcoming breakout, and a fall below 148 might invoke short-term liquidity movement.

Bitcoin Activity and Institutional Use Cases Boost Ecosystem

Solana reported a new quarterly high in Bitcoin trade volume for Q2 2025, increasing its relevance for BTC holders within DeFi.

The network also concluded its Colosseum hackathon, signaling ongoing developer interest. Additionally, Solana showcased cost-saving advantages for global payment networks like Visa and Mastercard, suggesting potential institutional use cases.

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