Solana has crossed a significant milestone with protocol revenues reaching $2.85 billion, showcasing unprecedented growth in the blockchain space. This surge in on-chain revenues reflects widespread adoption and a maturing ecosystem. How will Solana leverage this treasury to strengthen its position against Ethereum and other Layer 1 protocols?
According to the latest 21Shares report, Solana shows an average of $240 million in monthly revenue, with peaks exceeding $600 million during periods of hyperactivity. Over the past year, the cumulative total reaches $2.85 billion.
These figures place the network far ahead of its levels from two years ago: between October 2022 and September 2023, revenues only reached $13 million.
“ORE’s daily million isn’t a flash in the pan; it’s proof that an individual project can now contribute significantly to the overall health of the network,” comments a 21Shares analyst.
While ORE is making headlines, Pump.fun dominates the rankings. Over the past thirty days, the memecoin launch platform has generated $38 million in revenue, maintaining its position as the activity locomotive. Together, these two projects embody Solana’s functional diversification: decentralized mining for ORE, viral token creation for Pump.fun.
The differentiating element remains the developer ecosystem. According to Chainspect, Solana counts 10,733 active developers, an absolute record across all blockchains, even surpassing Ethereum. This talent pool fuels a self-reinforcing growth loop:
Recent updates – state compression, enhanced parallel execution – have reduced transaction costs to just a few cents while maintaining a theoretical throughput of 65,000 TPS. Result: projects migrate, liquidity follows, revenue climbs.
Historically, phases of strong revenue generation coincide with bull cycles of the native token. The correlation isn’t mechanical, but current on-chain metrics – TVL at $12 billion, DEX volume exceeding $2 billion daily – paint a bullish picture. Glassnode analysts estimate that each dollar of protocol revenue adds approximately $3 to $5 in long-term market cap.
Ethereum remains the undisputed king in terms of TVL ($65 billion), but its high fee structure hinders mainstream adoption. Base and Arbitrum are progressing, yet Solana maintains the speed/cost advantage. The main risk? Congestion during memecoin peaks, as observed in April 2024. The team is working on Firedancer, a third-party validator client expected to push real throughput beyond 100,000 TPS by 2026.
In conclusion, ORE’s daily million is just a symptom. Behind it, the entire Solana ecosystem is entering a maturity phase: recurring revenues, record developers, optimized infrastructure. If the trend continues, SOL could well begin a new bullish chapter, driven not by hype but by solid fundamental metrics.
Bitcoin has been oscillating between $90,000 and $110,000 for three weeks, while SOL consolidates below $200: it’s the perfect moment to diversify your BTC portfolio while accumulating SOL spot with the 16 free bots from Pionex.
The Portfolio Rebalancing Bot maintains your ideal allocation (e.g., 70% BTC / 30% SOL) and automatically rebalances 24/7: when BTC rises, it sells a bit to buy SOL on the dip, and vice versa – zero emotion, zero FOMO. And returns reaching over 100% annually.
Activate the combo in 30 seconds (Pionex → Google → Deposit → Bot → Rebalancing + Infinity Grid → AI Strategy → Create) and watch your diversified portfolio work while you drink your coffee – passive, powerful, unstoppable.
On the same topic:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
