Solana has become one of the main players in the encrypted currency market. It has recently seen that its decentralized applications (DAPS) achieve a huge percentage of 73.3% of the total income achieved by encrypted currency applications within one day.
This is a basic point that reflects the shift in competition since then Solana It surpassed Ethereum and Binance Smart Chain in the daily income section. Development shows that the environment surrounding Solana has become stronger, not only attracts users, but also developers.
Solana excelled in the field of encrypted currencies
On January 21, 2025, decentralized Solana applications have achieved the largest amount of money ever, which represents an important moment for Blockchain technology. Ethereum Sol has been a pioneer in decentralized applications for a long time, but Sol grows quickly and becomes a competitor for both Ethereum and Binance Smart Chain. Sol profits show that more people are interested in its system, which benefits from rapid transactions at reasonable prices.
Urgent: @Solana Applications made a new achievement, with 73.3% of total encrypted currency applications in one day.
Bahrain National Currency: 9.44%
Etherium: 6.46% pic.twitter.com/ras6z72slv– Solanafloor) January 22, 2025
According to market data, the Solana -based applications achieved nearly twice the Ethereum income, which is ranked second over the past 24 hours. The network brought more than $ 8.9 million throughout the period; Bonkbot and Raydium led the battle with $ 2.67 million and $ 1.17 million, respectively.
Defillalama updates indicate that their applications have been created 751 million dollars in revenue In the last quarter of 2024, more than three times the value of Ethereum of $ 314 million. However, the last blocs chain dominated this category in 2024, raising about $ 2 billion.
SOL market cap currently at $109.5 billion. Chart: TradingView.com
Using the first effective layer technology
The design of the Sol 1 layer makes it distinct in Blockchain. Its architecture can comfortably process many transactions. This is unlike Ethereum, which requires multiple layers to deal with multiple transactions. On the other hand, for developers who want to develop and expand their applications quickly and with great efficiency, this provides faster transactions and less expenses.
High performance applications lead Sol growth
The diversity of applications developed on the Solana platform was the company’s main driver. Among the best performance applications BonkbotIt is an effort centered around the memes and has gained great popularity. Another major engine for Sol revenue is Raydium, which is a decentralized stock exchange. These applications show the diversity of the Sol Environmental System, with projects that focus on entertainment as well as traditional financial solutions.
SOL price down in the last 24 hours. Source: Coingecko
Future prospects for the environment Sol
In the future, Solana’s place in the market was not more stable than ever. The more developers who choose Blockchain for its efficiency and ability to expand, the more Blockchain is expected to expand.
Solana has proven his ability to deal with the increasing requirements of the cryptocurrency market, and its future appears to be well prepared for continuous growth. The question is currently whether Ethereum and other competing blocks chains will be able to maintain its leadership or whether its direction will continue to excel it.
Distinctive image from webopedia, scheme from TradingView