Solana blockchain reaches record $ 1.2 billion in revenue

Solana SOL $163.09 Binance-Peg SOL -6.09% Market capitalization $0.18 billion VOL. 24 hours $0.83 billion has taken the top spot among blockchain platforms in terms of app revenue, reaching $ 1.2 billion. This success has supported forecasts of a possible rise in its price above $ 200. Market analysts point out that such dynamics indicate the growing real value of Solana, which is already ahead of Ethereum ETH $2,432.28 Bridged Ether (StarkGate) -4.56% Market capitalization $0.22 billion VOL. 24 hours $2.71 billion in terms of app revenue.

According to the Crypto Koryo platform, DeFi and Solana-based gaming applications have become the main sources of revenue. Among the leaders are decentralized exchanges, NFT platforms, and new Web3 games that actively engage users. The ecosystem’s successes come amid growing user activity and low fees on the network.

At the time of the news publication, the value of the SOL token was hovering around $ 161, but traders are seeing signs of a potential breakout of the key $ 200 level. Technical indicators, including RSI, are approaching overbought levels, which often precedes a price breakout or correction. Analysts are urging to keep an eye on the coming days, as trading volume and market sentiment could take the asset to a new level.

According to The Tie, which specializes in analyzing crypto trends, Solana shows the highest growth in developer engagement and the number of active applications among all L1 platforms. This suggests that Solana is no longer just an alternative to Ethereum, but a competitor on equal terms.

However, experts point out that the long-term stability of the exchange rate will depend not only on technical dynamics but also on external factors, such as the state of the general cryptocurrency market, regulatory policy, and the macroeconomic background. If the situation is favorable, the breakthrough of $ 200 may be only the first stage of a new growth cycle.