Solana application revenue reached $299 million in Q3, up 48% quarter over quarter and its highest level in a year.
Blockworks' Solana Q3 Token Holder Report shows that Pump contributed $121.5 million, or about 40%. The chain's real economic value (REV) was $75.7 million, also up 48% quarter over quarter—the first quarterly increase since Q4 2024.
In the same quarter, SOL spot ETPs saw net inflows of $492.3 million, more than four times the Q2 figure.
What's next: Alpenglow, which offers 150-millisecond finality, went live on the public testnet on September 22. A mainnet timeline has not yet been announced.
$SOL
Blockworks' Solana Q3 Token Holder Report shows that Pump contributed $121.5 million, or about 40%. The chain's real economic value (REV) was $75.7 million, also up 48% quarter over quarter—the first quarterly increase since Q4 2024.
In the same quarter, SOL spot ETPs saw net inflows of $492.3 million, more than four times the Q2 figure.
What's next: Alpenglow, which offers 150-millisecond finality, went live on the public testnet on September 22. A mainnet timeline has not yet been announced.
$SOL
