Solana Tops All L1 and L2 Chains in Q3 App Revenue
Solana surpassed all Layer 1 and Layer 2 blockchain networks in application revenue during the third quarter, according to Cryptonews.
Solana has outperformed all Layer 1 and Layer 2 blockchain networks in terms of application revenue during the third quarter, according to a report by Cryptonews. The milestone highlights the growing economic activity and user engagement within the Solana ecosystem compared to competing blockchain scaling networks and base layers.
Ecosystem Growth
Instant Telegram notifications for large on-chain moves.
The surge in application revenue points to sustained transactional activity and decentralized application adoption on the network. Despite facing various market dynamics across digital asset sectors, the blockchain maintained its leading position in capturing economic value at the application layer through the third quarter.
Key facts
- Solana surpassed all Layer 1 and Layer 2 chains in application revenue in Q3.
- The data was reported by Cryptonews.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
