Solana has become one of the main players in the cryptography market. Recently, he saw his decentralized applications (DAPP) making a huge 73.3% of all income made by cryptographic applications in one day.
This is an essential point that reflects the change of competition, because Solana has exceeded the intelligent chain Ethereum and Binance in the Daily income department. Development shows that the environment around Solana is strengthening, attracting not only users but also developers.
Solana’s pre -eminence in the cryptographic sphere
On January 21, 2025, the decentralized applications of Solana earned the most money, marking an important moment for the blockchain. Ethereum is the leader in decentralized applications for a long time, but Sol develops quickly and becomes a competitor both for Ethereum and Binance Smart Chain. The growing soil incomes show that more people are interested in its system, which benefits from rapid and affordable transactions.
🚨BREAKING: @Solana The applications have taken a new step, capturing 73.3% of all the benefits of crypto applications in a single day.
– BNB: 9.44%
– Ethereum: 6.46% pic.twitter.com/ras6z72slv– Solanafloor (@Solanafloor) January 22, 2025
According to market data, solana -based applications generated about double the income from Ethereum in the last 24 hours. The network has reported more than $ 8.9 million throughout the period; Bonkbot and Raydium led the fight with $ 2.67 million and $ 1.17 million, respectively.
Defillama’s updates indicate that its applications have produced $ 751 million in revenue in the last quarter of 2024, more than the $ 314 million dollar rod. Nevertheless, the latter blockchain dominated the category in 2024, accumulating about $ 2 billion.
SOL market cap currently at $109.5 billion. Chart: TradingView.com
Use of effective layer 1 technology
The design of the floor layer 1 brings it out in the blockchain system. Its architecture can comfortably transform many transactions. This is different from Ethereum which requires several layers to manage several transactions. In turn, for developers wishing to develop and quickly expand their applications with great efficiency, this provides faster transactions and lower expenses.
Very efficient applications stimulating soil growth
The variety of applications developed on the Solana platform was the main engine of the company. Among the most efficient applications is Bonkbot, an effort centered on the meme which has gained popularity. Raydium is another engine of key income for floor, a decentralized exchange. These applications show the diversity of the soil ecosystem, with entertainment projects as well as more traditional financial solutions.
SOL price down in the last 24 hours. Source: Coingecko
Future perspectives for the soil ecosystem
Prospectively, the position of the Solana market has never been more robust. The more the developers choose the blockchain for its efficiency and its scalability, the more the blockchain ecosystem should develop.
Solana turned out to be able to face the growing demands of the cryptocurrency market, and its future seems to be well set up for continuous growth. The question is currently whether Ethereum and other competing blockchains will be able to maintain their leadership or if its trend will continue to surpass them.
WEBOPEDIA star image, tradingView graphic
