Solana Boasts 3,200 Active Developers, Over $1 Billion in App Revenue for Second Straight Quarter
(#Tahirsindhoo )Solana (SOL) continues to demonstrate impressive growth and user engagement. In its latest Network Health Report for Q2 2025, the Solana Foundation revealed that app revenue on the network topped $1 billion for the second consecutive quarter — outperforming all other blockchain networks combined.
Despite a downturn in application revenues across rival chains, Solana’s ecosystem saw an increase compared to Q1. This momentum also drove validator earnings to new heights, with income averaging $800 million for the quarter.
A record daily peak of $56.9 million was hit on January 19. Meanwhile, validator costs have fallen sharply: the SOL stake required to break even has dropped to 16,000, down from 50,000 in 2022 — a reflection of major efficiency gains across the network.
Developer activity remains a key strength. Solana attracted 7,625 developers in 2024 — more than any other blockchain, including Ethereum. The network currently counts 3,200 active developers, underscoring its continued appeal to builders.
Decentralization and Global Reach
Solana’s decentralization efforts are also paying off. The Nakamoto Coefficient — a measure of how decentralized a network is — reached 20 by June, surpassing Ethereum (6), Sui (18), and Sei (7). Validator nodes are widely distributed, with no single country or data center controlling more than 33% of the stake. Germany leads at 23.55%, followed by the U.S. (17.37%) and the Netherlands (14.36%).