According to recent data, Solana has ranked first in network revenue among blockchains, surpassing competitors such as Tron, Ethereum, and Binance Coin for the first time. This marks the tenth consecutive month that Solana has exhibited leadership in this key metric.
Solana Leads in Network Revenue
Solana has topped the list among all layer-1 and layer-2 blockchains in terms of network revenue, surpassing Tron, Ethereum, and BNB. According to data from SolanaFloor, Solana generated $87,026,612 in the last month, which is $25.5 million more than Tron, which came in second with $61,528,140.
Solana's Financial Performance
This significant revenue increase indicates the high activity within the Solana ecosystem, where a larger number of users, developers, and decentralized applications prefer to operate on this platform.
SOL Prices and Market Overview
Despite the positive trend in network revenue, the price of SOL is struggling. After reaching a peak of $179.53, Solana's price has dropped to $169.60 amid broader market trends. Meanwhile, trading volume has surged by 32.69%, reaching $7.35 billion.
Solana continues to demonstrate solid leadership in network revenue despite price fluctuations. Efficiency and the ability to attract users remain key success factors for Solana in a competitive cryptocurrency market.