Solana leads with 2.5 times Ethereum revenues

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Solana overtook other networks according to a key means: revenues. This gap is huge enough to change the way traders and builders talk about where money flows in cryptography.

Solana Tops Blockchain greyhounds

According to data provided by Crypto Media Outlets, Salt generated $ 1.25 billion of revenues up to a year. It’s about two and a half times more than revenues Ethereumwhich this year is $ 523 million.

Only two other chains cleared $ 100 million: BNB Shrewd Network for $ 148 million, and Bitcoin for $ 135 million.

Base, Coinbase Layer-2, records $ 54 million and runs the L2 group, while Arbonigon, Polygon and optimism report revenues from 10.80 million to almost $ 3 million.

Monthly numbers show an enhance based on applications

Over the past 30 days, Solana has attracted over $ 210 million of revenues. A significant part of this cash was earned by applications on the web, not the basic layer of salted.

Based on the Memecoin Launchpad Pump.Fun and Trading Bot Axiom Pro reports, they generated nearly $ 53 million and $ 51 million in the last month, respectively.

Decentralized exchanges, such as Jupiter and Meteora, together with Phantom, also occupy the best income generators.

The own salted fee in the chain amounted to $ 4.56 million in the same period, which is eighth place among sources of income.

Solusd is currently trading for USD 217. Chart: TradingView

Applications capture most of the fees

Reports have revealed that programmers and investors perceive this as a salt function: applications can quickly earn a lot of money.

Axiom Exchange has become the fastest application that achieved $ 200 million revenues, doing it in 202 days, when it reached the mark on August 4.

Pump.Fun reached $ 200 million in 303 days. CEO of Helius Labs, Mert Mumtaz, said that the architecture of the ecosystem attracts builders who can conduct bulky income services and the numbers seem to support this view.

Price movements follow the headlines of income

Sol reacted. At the price of Trackers, the Sol increased by about 6% to USD 215 in one session and increased by 17% in the last 30 days.

However, throughout the year, Sol delays some larger tokens, such as Bitcoin, Ether, XRP and BNB. Market profits and huge revenues from the application jointly drive stubborn moods among traders and some fund managers.

A distinguished picture from Shutterstock, Chart from TradingView

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