Svmuu News: Zach Pandl, Head of Research at Grayscale, reported that the Solana blockchain has become the core settlement layer for a diverse ecosystem of decentralized applications, currently hosting over 1,000 independent applications spanning multiple sectors, including DeFi, social trading, and decentralized infrastructure. Year-to-date, the Solana network has processed an average of over 100 million transactions per day—equivalent to more than 1,200 transactions per second—with an average of approximately 4.3 million active addresses daily and total transaction fees reaching approximately $100 million.
In terms of ecosystem applications, the decentralized exchange Raydium plays a pivotal role in Solana’s DeFi ecosystem, driving cumulative on-chain DEX trading volume to over $360 billion this year—the highest among all public blockchains. In addition, Pump.fun—a social app for memecoin issuance—has been highly active, with approximately 1.3 million monthly active users and average daily revenue of about $690,000, making it one of the key drivers of traffic and transactions on Solana.
On the infrastructure front, the decentralized physical infrastructure project Geodnet is building a high-precision positioning network to provide centimeter-level positioning capabilities for AI systems such as autonomous vehicles, drones, and robots, and is regarded as a key player in the DePIN sector.
Grayscale notes that the Solana ecosystem has established a growth structure driven by significant on-chain activity and applications, and SOL assets provide investors with direct exposure to the network’s continued expansion.