Solana’s network continues to attract strong engagement with over $1 billion in app revenue.
Solana (SOL) continues to see strong user engagement. On Friday, the Solana Foundation released the Solana Network Health Report, performing in the second quarter of 2025. In particular, the network’s app revenue exceeded $1 billion in the second quarter.
Application revenue through chains | Source: Solana Foundation
In Q2, Solana’s app revenues increased compared to the first quarter. In fact, Solana’s app revenues now exceed the total total of all other blockchain networks.
This activity also contributed to a sharp increase in validator revenue, reaching an average quarterly level of $800 million. The peak occurred on January 19th, earning $56.9 million per day. At the same time, validator costs have decreased dramatically.
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In particular, the break-even SOL stakes required by the Valtters to cover costs have been significantly reduced. Balidators will need just 16,000 SOL to break evenly from 50,000 SOL in 2022. According to the SolanaFoundation, this reflects a significant improvement in network efficiency.
Solana also tops the charts when attracting new developers. In 2024, the network portrayed 7,625 developers more than any other blockchain, including Ethereum.
Number of new developers exploring different crypto ecosystems | Source: Electric Capital Report
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The Solana Foundation shows the benefits of decentralization
According to the Solana Foundation, the network has significant benefits for decentralization. The Nakamoto coefficient was used to measure network decentralization and reached 20 by June. This leaves Solana ahead of Ethereum, SUI, and SEI, with coefficients of 6, 18, and 7 respectively.
Solana Balidators are also geographically distributed, with no single country or data center controlling more than 33% of total stocks. Germany led by 23.55%, followed by the US at 17.37% and the Netherlands at 14.36%.
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