Gray: Solana Ecosystem Surpasses 1,000 Applications, Leading in On-Chain Transactions and Activity Year-to-Date

Odaily Odaily reports that Grayscale Research Head Zach Pandl stated that the Solana blockchain has become a core settlement layer for a diverse range of decentralized applications, currently hosting over 1,000 independent applications covering areas such as DeFi, social trading, and decentralized infrastructure. As of the year to date, the Solana network averages over 100 million transactions per day, equivalent to more than 1,200 transactions per second. Meanwhile, the average daily active addresses stand at approximately 4.3 million, and total transaction fees have reached about $100 million.

On the ecosystem application level, decentralized exchange Raydium holds a significant position within Solana DeFi, driving the cumulative on-chain DEX trading volume to exceed $360 billion this year, ranking first among all public chains. Additionally, the Memecoin issuance and social application Pump.fun is highly active, with approximately 1.3 million monthly active users and an average daily revenue of around $690,000, serving as a major driver of Solana's traffic and transactions.

In terms of infrastructure, the decentralized physical infrastructure project Geodnet is building a high-precision positioning network, providing centimeter-level positioning capabilities for AI systems such as autonomous driving, drones, and robots, and is regarded as an important representative of the DePIN track.

Grayscale pointed out that the Solana ecosystem has formed a significant structure driven by on-chain activity and application growth, with the SOL asset offering investors direct exposure to the network's continued expansion.