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- Solana’s app revenue exceeds $1 billion for two consecutive quarters, leading blockchain networks in growth.
- Validator earnings surged to $800M in Q2 2025, showcasing Solana’s growing financial stability.
- With 7,625 new developers in 2024, Solana outpaces Ethereum in developer engagement and dApp development.
The Solana blockchain network continues to record impressive growth, with the second quarter consecutive blockchain hitting over $1 billion in app revenue. This milestone was posted by the Solana Foundation in its Q2 2025 Network Health Report. These data indicate the increasing popularity of the platform, placing Solana among the leaders in the blockchain sphere.
The app revenue in this network has been increasing continually, and other significant blockchain networks have experienced a decrease in revenue. The aspect of Solana gaining a lead over the others in this area reveals its rising power in the field of decentralized applications (dApps). The revenue generated on the platform is currently ahead of the sum of all other blockchain networks.
Source: Solana Foundation
Enhanced Financial Sustainability
Validator income has also grown concentrically due to the rise in the app revenue. During Q2, the average amount earned by validators increased to $800 million in a single quarter, with the highest single-day earnings of $56.9 million recorded on January 19. This revenue surge is a testament to the fact that Solana is already increasing its financial sustainability and performance.
Additionally, the validator prices in Solana have experienced a significant drop, further enhancing efficiency throughout the overall network. The number of SOL required to keep validators afloat has decreased drastically this year to 16,000 SOL from the 2022 level of 50,000 SOL. This cost efficiency improvement signifies the practical actions of Solana towards optimization of operations and minimization of spending.
Solana has gained many new developers. In 2024, 7,625 developers were engaged in the network, and this was greater than Ethereum in terms of developer involvement. This growth of developer activity also helps to entrench Solana as one of the best places to create blockchain and decentralized applications.
Source: Electric Capital report
Solana’s Decentralization Progress
Solana is also making great progress in its decentralization initiatives. In June 2025, the Nakamoto Coefficient, indicating the level of decentralization in a blockchain network, hit 20. It outperforms Ethereum at 6, positioning SOL among its rivals, including Sui and Sei.
Moreover, SOL has ensured that its validators are spread out among different nations so that no organization can hold over 33% of the total stake of the network. Germany with its 23.55%, the U.S. with 17.37% and the Netherlands with 14.36%. This worldwide allocation also makes the network more decentralized.
Solana has high revenue growth, a decentralized organization, and growing participation by developers, which makes it likely to continue leading within the blockchain industry. Its effectiveness, which continues to improve, and validator rewards form an excellent basis of performing well in a very competitive market.
