Solana is booming, with record-beating app income and 100% community uptime for 16 months, per the most recent report from the Solana Basis.
With Solana Trade Traded Funds within the offing, the No. 6 blockchain by market capitalization is booming, in line with the Solana Basis’s June 2025 Solana Community Well being Report.
It’s by far the chief in software income, constantly beating Ethereum for not less than seven months, and in a number of instances completely demolishing it, in line with the report. App income has exceeded $1 billion for 2 consecutive quarters.
Community efficiency has continued to enhance, the report mentioned, citing 100% uptime for the previous 16 months, together with in January when there was the notably excessive community exercise, with $39 billion in every day DEX volumes.
The blockchain community continues to steer by way of efficiency, processing about 1,100 transactions per second, in comparison with Ethereum’s 14, Sui’s 48 and Base’s 77, the report famous.
Solana validator well being can also be “thriving” the report mentioned, with actual financial worth (REV) hitting an all-time excessive of about $56.9 million on Jan. 19, and quarterly REV averaging $800 million in This autumn 2024 and Q1 2025.
Solana can also be one of the vital decentralized proof-of-stake networks, with 1,295 validators throughout 40 nations. That mentioned, that quantity is down considerably from about 1,900 for the reason that final Community Well being Report. It additionally compares to Ethereum’s almost 10,000 validators.
The Solana Basis additionally highlighted Solana’s developer progress and retention, pointing to its No. 1 place for brand new developer progress in 2024, with greater than 7,600 becoming a member of the community final 12 months, and three,200 month-to-month energetic builders.
“Builders are key for worth creation on a community,” the report mentioned. “They construct the apps that deliver within the customers; and with new customers come much more builders. New builders becoming a member of (and present builders staying) is a number one sign of a wholesome community.”
Alpenglow
The proposed Alpenglow onerous fork is predicted to chop the time it takes for blocks to finalize to as little as 150 milliseconds, quick sufficient for the Layer 1 chain to compete with Layer 2s for high-speed buying and selling functions.
It ditches proof-of-history for proof-of-stake and “might be a turning level for Solana,” mentioned Roger Wattenhofer, Quentin Kniep and Kobi Sliwinski, cofounders of Solana Labs spinoff Anza, in a Could 19 weblog submit, “Alpenglow is just not solely a brand new consensus protocol, however the largest change to Solana’s core protocol since, properly, ever.”
ETF Extravaganza
There are at the moment eight Solana spot ETFs functions earlier than the Securities and Trade Fee (SEC), awaiting approval. On April 30, Bloomberg Senior ETF Analyst Eric Balchunas mentioned that he provides the chances of Solana ETFs being accepted at 90%, a nod to a brand new and much, way more crypto-friendly SEC.
That mentioned, most of these eight have added staking to their ETF proposals, one thing that Bloomberg ETF Analyst James Seyffart mentioned on June 13 may decelerate a course of that already has numerous forwards and backwards to go.
SOL is at the moment buying and selling close to $145, up a stable 11% on the day after a unstable weekend throughout crypto markets.
