Solana continues to gain popularity thanks to its apps providing a significant share of industry revenue.
Solana's Advantage in App Revenue
In the fourth quarter of 2024, Solana accounted for nearly 57% of app revenue, significantly outpacing Ethereum. The trend has accelerated due to the active meme token season and the launch of AI agents. Key applications such as Raydium DEX and JitoSOL brought in the most revenue, while Metaplex demonstrated potential in token creation. During this period, Solana apps generated $751M in revenues compared to Ethereum's $314M.
Attracting New Developers
In 2024, Solana attracted more developers than Ethereum due to its growing app revenues. Solana brought in 7,625 developers, while Ethereum attracted 6,456. Nevertheless, Solana has only 55 core developers, focusing primarily on newer projects like memes and AI personalities. Solana shows high user activity, which draws developers to the platform.
SOL Token Forecasts
SOL is expected to continue rising in 2025 due to its active app ecosystem. Although SOL still hovers below $200, a price increase for the token is anticipated. If Solana becomes the central hub for crypto activity, its extensive network activity may push its price higher.
Solana continues to dominate the app market, attracting new developers and paving the way for further growth in token value.
