Solana brought in over $271 million in revenue last quarter, more than any other blockchain. It’s the third straight quarter that it has led the pack, with most of that activity coming from areas such as DeFi, NFTs, and regular apps that people use.
What’s more, new figures from blockchain analytics firm Artemis show Solana matched the combined monthly active users of every other Layer 1 and Layer 2 blockchain in June. That includes Ethereum, Tron, Base, and even Bitcoin, a staggering indicator of just how quickly the network’s user base has grown in recent months.
As of July 6, the combined value across all major L1 and L2 chains stood at roughly $5.42 million. Solana accounted for nearly half of it at $2.66 million. Tron came in second with $1.28 million, followed by Ethereum at $627,810. Bitcoin stood at $435,475, and Base, Coinbase’s Layer 2, trailed with just over $87,000.
Even with the strong fundamentals, SOL hasn’t been immune to short-term price pressure. The token fell 1.40% over the past 24 hours, dropping to $149.48.
Trading was volatile. SOL hit a high of $153.67 before reversing sharply on rising volume. A spike of 925,497 tokens traded during the 21:00 UTC hour marked a clear resistance level. Prices broke below the key $150 level late in the session.
A steeper dip followed shortly after. Between 18:16 and 18:17 UTC on July 7, SOL hit $149.42, with over 57,000 tokens traded in just one minute. Buyers, however, stepped in near the $149 mark, which acted as support. By the end of the period, the price had edged up slightly to $149.31, a modest 0.37% bounce off the session low.
Despite the pullback, sentiment around Solana remains strong. Developers continue to build on the chain, and real users are showing up in ways that aren’t just visible in charts but in transaction fees, app usage, and wallet activity.
The revenue numbers, especially when viewed alongside the growth in active users, suggest this isn’t just momentum; it’s something more structural.
For now, Solana remains the only chain matching this level of usage and economic output. Whether it can hold the lead as rivals push forward with upgrades and incentives remains to be seen, but in Q2 2025, the numbers speak for themselves.
Also Read: Solana Surges with 162 Million Daily Transactions in H1 2025
