CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Finbold 2025-05-15 13:40:13

Solana (SOL) network revenue soars to 3-week highs

User activity on the Solana network surged in early May, driving notable gains in network revenue. Solana’s daily network revenue, also known as real economic value ( REV ), has skyrocketed in recent weeks and hit $8.35 million on May 14, a total rise of 52.65% since the beginning of the month. Even more impressively, on-chain data shows the figure stood above every other major Layer-1 and Layer-2 network. Tron, the network with the second-highest REV on the day, had only $2.3 million, and Ethereum fell to the third place with just $1.79 million . Layer-1 and Layer-2 network revenue chart. Source: Blockworks Research Real economic value, often called network revenue, tracks in-protocol transaction fees and out-of-protocol tips and measures a blockchain’s value accrual from user activity. The rise coincided with a notable uptick in the price and trading volume for Solana’s native token, SOL . Price action in particular proved dramatic as the cryptocurrency started the month at about $150 and hit a high on May 13 when it crossed above $184. Why Solana has been surging in May Heightened volume, REV, and token value can be attributed to the buying pressure stemming from a 172,670 SOL purchase executed by the DeFi Development Corporation (NASDAQ: JNVR) on May 12. Furthermore, the purchase contributed to the prevailing retail and institutional interest in the token that arose from the broader cryptocurrency market factors and from the optimism surrounding the possible spot Solana exchange-traded fund ( ETF ). However, the SEC postponed its ETF decision on May 13, contributing to a more recent correction. The drop continued, and the 5.14% price drop in the last 24 hours, which took SOL to its press time price of $171.81 and diminished the monthly gains to 29.79%, can likewise be attributed to a wider digital asset selloff and developments more intimately associated with the token. SOL one-month price chart. Source: Finbold The correction took place across the board as, after days of gains, the total market capitalization of cryptocurrencies fell nearly $45 billion in a day. Featured image via Shutterstock The post Solana (SOL) network revenue soars to 3-week highs appeared first on Finbold .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta