Categories: MarketsMenafn

Why is SOL Up Today? Solana’s Growing Revenue and Active Addresses Draw Investors

Solana generated more daily revenue than any other blockchain, surpassing Ethereum, BNB Chain, Bitcoin, TRON, and other major layer-1 and layer-2 networks combined.

According to available data, the blockchain’s 24-hour revenue hit $7.96 million, outpacing Ethereum’s $2.54 million, TRON’s $2.35 million, BTC’s $647,000, and BNB’s $446,000.

Other major networks, including Base, Arbitrum, Polygon, Avalanche, and Aptos, brought in even smaller amounts in fees, meaning that out of all major networks, a total of $14.3 million was collected on May 13, with the lion’s share going to SOL.

That’s according to data first shared by SolanaFloor, which shows a major surge in the network’s revenue over the last few days when compared to other blockchains.

Revenue from transaction fees typically signals real economic activity on-chain, as users interact with apps and protocols and pay to get their transactions included in blocks.

Solana’s Real-World Usage Grows

While Ethereum still dominates in total value locked (TVL) and long-term developer traction, with over $63.2 billion in TVL according to DeFiLlama data, Solana is gaining momentum on the metric that reflects real-world usage.

Solana, on the other hand, has around $9.55 billion in total value locked, but in contrast to Ethereum’s 450,000 active addresses, SOL has a total of 3.47 million active addresses.

In essence, the data shows that Ethereum is a preferred network for cryptocurrency whales and other large industry players, while SOL leads in terms of users. TRON, BNB Chain, and Base are also all above the one million active addresses market, the data shows.

That usage boost also reflected in SOL’s price, which climbed 3% over the last day to $178.30. While modest, the gain suggests investors are watching the network’s growing traction.

The price rise comes amid a wider cryptocurrency market slowdown, with BTC dropping just 0.4% in the last 24 hours and Ethereum rising around 1% over the same period.

Read more: Trump Memecoin Trader Says Exclusive Dinner Cost Him $1,200

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Every Step Matters: Joseph Leggs on Building Precision into High-Performance Engines

Joseph Leggs, a mechanic, machinist, and engine builder based in Escondido, California, shares how early…

11 hours ago

Every Step Matters: Joseph Leggs on Building Precision into High-Performance Engines

Joseph Leggs, a mechanic, machinist, and engine builder based in Escondido, California, shares how early…

11 hours ago

AI Expert Amol Walvekar Builds First-Ever RAG-Powered, Custom AI for Finance Processes

Anchor, from Adra Technologies, builds the first retrieval-augmented generation to the finance back office built…

5 days ago

WebX 2026 draws over 13,500 attendees in its latest edition, spotlights Japan’s growing global influence in Web3

Japan, Aug 3, 2026, ZEX PR WIRE — WebX, Japan’s flagship Web3 conference, has successfully concluded its…

1 week ago

WasabiCard Heads to ChinaJoy 2026 to Power Global Business Growth

Shanghai, China, August 3rd, 2026, ZEX PR WIRE, WasabiCard, a global payment infrastructure platform, announced its…

1 week ago

The Church of Conceptual Art Opens Ticketing for the Afterlife

Entry to Heaven: $7.77. Entry to Hell: $6.66. Both gates: $14.43. Closing-period pricing in effect.…

2 weeks ago