Altcoins News
By Pankaj K
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Solana entered 2025 with strong financial momentum, reporting a significant increase in application-generated revenue in the first quarter. The blockchain network posted $1.
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According to analytics platform Messari, January played a pivotal role in Solana’s revenue spike, contributing nearly 60% of the entire quarter’s revenue.
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Among Solana’s top-performing applications, Pump.fun led with $257 million in revenue. Its rapid rise stemmed from increased trading activity driven by viral digital assets that…
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Phantom, one of the most widely used wallets on the Solana blockchain, secured second place with $164 million in revenue.
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Despite strong Dapp revenue, Solana’s DeFi landscape faced major setbacks. The total value locked in DeFi protocols declined sharply to $6.6 billion.
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In contrast, Solana’s stablecoin ecosystem witnessed remarkable expansion. The total stablecoin market cap on the network surged 145% to reach $12.5 billion.
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Another notable trend in Q1 was the reduction in transaction fees. The average cost of transacting on Solana fell by 24%, reaching just 0.000189 SOL, or approximately $0.04.
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While the first quarter of 2025 marked significant revenue milestones for Solana, the declining interest in DeFi reflects ongoing concerns around sustainability, market maturity,…
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At press time, Solana (SOL) is trading around $161.22. Technical indicators suggest the token may be entering a consolidation phase, though some analysts believe a breakout could…
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