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Solana Network Health Report Reveals $800M in Validator Revenue, 3,200+ Devs
- Solana (SOL) has generated over $1 billion in revenue for two consecutive quarters and has attracted over 3,200 monthly developers.
- Solana's Network Health Report shows a continuous 100% uptime for more than 16 months.
- While SOL has seen a recent decline in trend, with a 3% drop in the last 24 hours, it has gained 6% in the last 90 days, currently trading at $142.
- Traders' interest in SOL remains high, with $3.9 billion market volume.
- The Solana network has experienced significant growth, with App revenue surpassing $1 billion for two quarters and $800 million in quarterly Validator REV.
- The network has shown resilience with 100% uptime and impressive transaction capabilities.
- Solana's decentralization and node counts position it favorably compared to other networks like Ethereum.
- Solana has 1,295 validators across 50 countries and a Nakamoto coefficient of around 20.
- Analytical suggestions hint at Ethereum and Cardano potentially outperforming SOL in the future due to different factors.
- Solana emerged as the top blockchain in 2024 in terms of new developers, with over 7,600 developers and 3,200 active monthly.
- Recent innovations and partnerships are expected to contribute to Solana's price growth in the long run.
- SOL is projected to reach $2000 in the long term and potentially $1000 in the medium term, as per recent analyses.
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