Solana continues to lead the blockchain market in revenue, achieving $17.37 million over the past 16 weeks. This success is attributed to high transaction rates and growing user popularity.
Blockchain Revenues and Competitor Comparison
Over the past 16 weeks, the Solana network generated $17.37 million, significantly outpacing Ethereum and Tron, which earned $11.6 million and $14.15 million respectively. The data reflects growing user activity in the largest blockchains, attributed to a larger number of available services.
High Throughput as a Growth Factor
Solana benefits from a high throughput capability of up to 65,000 transactions per second, while Ethereum can only handle 30 TPS. This performance advantage has significantly increased user activity on the Solana network, contributing to revenue generation.
Token Price Issues Despite Success
Despite successes in revenue generation, Solana’s token price has not matched similar gains. Ethereum has surpassed the $3,000 level and is targeting $4,000, while SOL has shown limited upward movement in the current market. Nevertheless, sustained growth in fee-based revenue indicates increasing trust and utility within the Solana ecosystem.
Thus, Solana has maintained its lead among all layer-1 and layer-2 blockchains in revenue generation for four consecutive months, despite various price-related challenges.
