Solana June Activity Matches All Blockchains, Q2 Revenue Hits $271M

- Solana’s June activity matched all other L1 and L2 blockchains. - Q2 revenue hit $271 million, leading the blockchain space for three quarters. Solana set a new benchmark in user activity and financial performance during the second quarter of 2025. On July 7, 2025, CoinDesk reported that the blockchain's monthly active addresses for June matched the total across all other Layer 1 and Layer 2 networks combined. This remarkable surge in user engagement highlights Solana's growing popularity within the blockchain landscape. In addition, on July 8, Brave New Coin, citing data from Blockworks, confirmed that Solana's network revenue exceeded $271 million for the second quarter. This achievement marks the third consecutive quarter that Solana has led all other blockchain networks in revenue, thereby solidifying its prominent position in the ecosystem. June also brought notable user activity milestones. On June 28, a report from Bitget showed that active wallets holding at least 0.1 SOL reached a new all-time high of over 11.4 million. It is important to distinguish between Solana’s revenue figures. Network revenue, which refers to income from blockchain operations such as transaction fees, surpassed $271 million for the second quarter. In comparison, decentralized application (dApp) revenue was reportedly much higher during the same period, underscoring the nuanced economic activity within the Solana ecosystem. As of 01:33 UTC on July 8, market data showed Solana (SOL) trading at $148.89, with its 24-hour trading volume down 1.46%.