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- Solana (SOL) has recorded over $1 billion in revenue for two consecutive quarters, coupled with 3,200 monthly developers.
- Solana’s Network Health Report has hinted that there has been a 100% uptime for more than 16 months now.
Solana (SOL) is struggling to overturn its current bearish trend as it declined by 3% in the last 24 hours, 2% in the last seven days, and 20% in the last 30 days. According to our market data, the asset has, however, surged by 6% in the last 90 days to trade at $142. Currently, traders’ interest remains at 50% high as $3.9 billion changes hands in the market.
Apart from this, there has been a significant level of upsurge in the general activities on the Solana network, led by the App revenue, which has reached more than $1 billion for two consecutive quarters.
Our research indicates that this historic milestone was driven by the increasing demand and influx of users, as evidenced by the number of monthly active developers, which has surpassed 3,200. Above all, $800M in quarterly Validator REV was also recorded. On January 29, the REV hit an all-time high of $56.9 million. Breakeven stake has also declined from 50k SOL in 2022 to 16k SOL in 2025.
Confirming the booming ecosystem, CNF reviewed a recently published Network Health Report and found that the incredible growth cut across all areas of the network. The network has, for instance, shown serious resilience as it maintains 100% uptime for more than 16 months now. Fascinatingly, this includes periods of historic volumes like the $39 billion daily volume recorded in January 2025.
According to the report, the replay times are now below 400ms while the transactions per Second within the period are around 1,100. Adding to this, the report labeled Solana as one of the most decentralized proof-of-stake networks based on decentralization and node counts.
More About Solana’s Network Activities
Per the data available, it has 1295 validators across 50 countries. Solana’s Nakamoto coefficient is said to be around 20, outshining Ethereum’s 6. Meanwhile, Standard Chartered analysts believe that Ethereum could outshine Solana in the long run. As noted in our earlier post, they believe that Ethereum is backed by stronger long-term fundamentals and upgrades. Similarly, Cardano (ADA) has been predicted to outperform SOL due to its “risk-to-reward potential” as highlighted in our recent blog post.
In terms of new developers, Solana emerged as the number one blockchain in 2024 with more than 7,600 new developers. The report discloses that more than 3,200 developers were active per month. Mathematically, this represents an 82% year-over-year growth. Even so, the team disclosed that there is much work to do in the current year.
There’s much more work to do. Anza’s new Alpenglow consensus brings a 100x latency improvement, DoubleZero network shipping mainnet to IBRL, CU limits increasing from 50M to 60M then 100M+, and more.
Solana has recently been sealing several groundbreaking partnerships, including an integration on prediction platform Polymarket. As detailed in our last news piece, Polymarket users can now deposit SOL to bet on different markets. In the long run, these initiatives are expected to reflect in the price.
According to our recent analysis, SOL could hit $2000 in the long term. Also, another analyst has predicted that SOL could reach $1000 in the medium term, as discussed earlier.
