Look who's been stealing the spotlight again! Solana (SOL) is on fire, outpacing all the major Layer-1 (L1) and Layer-2 (L2) chains for the third quarter in a row. According to Blockworks data, Solana’s network revenue smashed its competitors into the dust, leaving Tron ($165.26 million), Ethereum ($129.09 million), and Bitcoin ($50.48 million) scrambling to catch up. And when I say "smashed," I mean Solana’s revenue practically crushed it with a total of $685.97 million. Yes, you read that right, $685.97 million. Solana accounted for nearly 40% of that, which is like winning the revenue Olympics while everyone else stumbles at the starting line.
Now, let’s talk about consistency. While Ethereum and Tron had their little “whoops, here’s a spike!” moments, Solana’s growth has been as steady as your morning coffee run. If you’re an investor, this is the kind of reliability you can bank on, no surprise crashes or weird drops.
Solana’s DApp Success and Meme Coin Frenzy
Oh, and let’s not forget the decentralized applications (DApps). Solana’s DApps have been raking in the weekly revenue for 10 straight months. That’s right, 10 consecutive months of dominance. It’s like the blockchain version of winning an Oscar year after year, and it’s all thanks to Solana’s rock-solid infrastructure. If you're a developer, this is basically the red carpet for your coding genius.
Solana isn’t just flexing its muscles with DApps, though. Its Bitcoin trading volume hit record highs in Q2 2025, showing that Solana is making big waves in decentralized finance (DeFi) and cross-chain trading. And while the total value of tokenized real-world assets (RWA) on Solana reached $418 million—an all-time high—there’s still a bit of a friendly competition going on with Aptos (APT), which reached $538 million. But hey, no worries, Solana is still killing it.
And if that wasn’t enough, the rise of meme coin launchpads like LetsBonk and Pump.fun has added more fuel to Solana's rocket ship. Fast transaction speeds and low costs? Yeah, that’s what makes it so irresistible to both retail and institutional investors. Seriously, it’s a crypto buffet, and everyone’s grabbing a plate.
Of course, not everything’s sunshine and rainbows. SOL’s price might dip to $143 before a breakout. Currently, SOL is hovering around $152, so don’t get too comfy just yet. To maintain its lead, Solana will have to keep innovating, especially with Ethereum’s L2 scalability getting a facelift.
But for now, Solana’s the king of the crypto castle, at least until someone else figures out how to dethrone it.
Gunel Ismayilova
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