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.