Solana has been nothing but bullish in the past few days, as the leading asset rides the wave of renewed momentum, which has pushed its price above the $230 threshold. While SOL’s price has been trending upward, activity on the blockchain seems to be sharply rising, suggesting that the current rally is on-chain-driven.

App Economy Thrives On The Solana Blockchain

In the pursuit of blockchain dominance, the Solana network appears to be demonstrating its position as a leader in the ever-dynamic sector. A recent report from SolanaFloor on the X platform reveals that SOL’s on-chain activity is growing at a notable rate, surpassing other major chains such as Ethereum.

According to the report, Solana has experienced a massive growth in app revenue generation, making it one of the most commercially active ecosystems in the blockchain sector. Known for its lightning-fast transactions and low fees, this suggests an increasing number of developers, users, and projects that are now generating a noticeable amount of revenue.

Data shared by SolanaFloor shows that the blockchain is leading the charge in app revenue generated, reaching approximately $10.17 million in a 24-hour timeframe. Interestingly, by reaching $10.17 million, SOL generated more revenue within the time frame than the next 10 largest chains combined.

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Author: Godspower Owie