Ah, behold! A quarterly report by Messari that presents a rather curious tale of Solana’s triumphs and woes. 🎭 The mighty BlackRock and Apollo are expanding their funds, as real-world assets on Solana rise like a phoenix-yet, some figures paint a mixed picture. Such is the drama of blockchain, dear reader!
the rise of RWAs on Solana. These real-world assets have surged by 124% year-to-date, bringing the grand total to $390 million. 🌟 The leaders in this act? Ondo Finance’s USDY, supported by U.S. Treasuries, leading with a mighty market cap of $175.3 million. Bravo! 👏
Meanwhile, the total value locked (TVL) in Solana’s DeFi ecosystem has also seen a grand rise of 124%, reaching $8.6 billion-making it the second-largest ecosystem after Ethereum (ETH). And let’s not forget Jito Labs’ liquid staking platform, which boasts a TVL of $2.87 billion. A real star of the show! 🌟
Not to be outdone, Sanctum, a freshly launched liquid staking platform, managed to capture a staggering $2.18 billion in revenue just days after its debut. What’s that, you say? A 25% rise in staked SOL, with $60 billion in the coffers? Truly a performance for the ages! 🎭 And let’s not forget the liquid staking penetration, which has risen to 12%, with jitoSOL still stealing the spotlight. 🌟
The Downfall of On-Chain Revenue
Alas, not all tales end in glory. For despite the rise of DeFi TVL and staking, there is a twist in the plot: app revenues have plummeted by 44% QoQ, down to a mere $576 million. 👎 The true leader in revenue generation remains the ever-popular Pump.fun, with Axiom trailing behind. Oh, the drama! 🍿
Despite the drop in app revenue, apps have somehow managed to capture more of the revenue pie, rising from 126.5% to 211.6%. A curious turn of events, indeed. 🧐 Meanwhile, validator fees have seen a more modest drop, thanks to the new Alpenglow consensus protocol. A welcome twist to the tale, if you ask me! 🎩
Read More
- SPX PREDICTION. SPX cryptocurrency
- USD IDR PREDICTION
- BTC EUR PREDICTION. BTC cryptocurrency
- BNB PREDICTION. BNB cryptocurrency
- STX PREDICTION. STX cryptocurrency
- USD VES PREDICTION
- USD DKK PREDICTION
- SOL AUD PREDICTION. SOL cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- KCS PREDICTION. KCS cryptocurrency
2025-08-18 22:51