A new Grayscale report highlights Solana’s accelerating rise as a powerhouse blockchain network, now serving as a core “hosting layer” for major decentralized applications like Raydium and Pump.fun.
The network is generating roughly $425 million in monthly fees, which annualizes to over $5 billion, while keeping transaction costs as low as $0.02 per transfer, a key factor behind its expanding user and developer base.
According to Electric Capital data, Solana now boasts over 1,000 full-time developers, second only to Ethereum, which leads with about 3,500. This positions Solana as the fastest-growing ecosystem outside Ethereum, strengthening its appeal as a high-throughput chain optimized for performance and scalability.
Grayscale’s report also highlights the blockchain’s sound tokenomics. With annual supply growth of just 4%–4.5% and staking yields near 7%, Solana offers real returns between 2.5% and 3% for long-term holders.
The combination of strong fundamentals, network revenue, and active developer engagement signals sustained ecosystem health and continued institutional interest.
If Solana’s current trajectory continues, supported by expanding DeFi and consumer-facing app activity, analysts suggest that its native token SOL could see significant upside as the network cements itself as Ethereum’s primary rival in both technical innovation and real-world utility.
