Solana Stands Out in the Crypto Universe by Significantly Surpassing All Other L1 and L2 Blockchains in Network Revenues

This success is based on several key factors that enhance its attractiveness and relevance.

Solana has been making headlines recently for another reason: network revenue. According to data from Token Terminal, Solana generated nearly $8 million in 24-hour network revenue on May 13, 2025, compared to around $1.5 million for Ethereum and $5 million for Bitcoin. Among Layer 2 solutions, Base and Arbitrum were at $688,000 and $467,000 respectively. In total, major blockchains generated $12.3 million in 24-hour network revenue on May 13, 2025.

This makes Solana the most profitable blockchain in terms of network revenue. Network revenue is a measure of the total value of transactions on a blockchain over a 24-hour period. It is an important indicator of blockchain activity and adoption.

Solana has been showing strong and sustained growth in network revenue. The blockchain has seen a significant increase in both developer and user activity, leading to higher transaction fees and network usage. This is a testament to Solana's technical strengths and its ability to attract a large and engaged community.

Solana is known for its high throughput, low latency, and low transaction fees. It is also a Layer 1 blockchain, meaning that it is not built on top of another blockchain. This gives Solana the advantage of being able to process transactions quickly and efficiently without relying on a third party.

Solana is also a smart contract platform, which means that developers can build decentralized applications (dapps) on top of it. This capability opens up possibilities for innovation in various sectors, from DeFi to gaming and beyond.

Another factor contributing to Solana's rising prominence is the prospect of a Solana ETF (exchange-traded fund). The SEC has postponed the decision on the application for a Solana ETF until October 2025.

This would facilitate broader institutional participation in the cryptocurrency market, similar to how Bitcoin ETFs, approved in 2024, sparked increased institutional interest in BTC.

An ETF would offer several advantages for investors seeking exposure to Solana, presenting an interesting investment opportunity.

Solana is rapidly becoming a key player in the crypto sphere. Its technical strengths, low entry barriers, and rapidly expanding ecosystem are attracting both developers and users alike. As the SEC prepares to decide on the Solana ETF application and with the possibility of an anti-inflation proposal for the token, the coming months could be pivotal for Solana to further cement its leadership.

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