Grayscale Releases Solana Report: Ecosystem Annual Revenue Could Reach $5 Billion, Timely Network Growth May Drive SOL Price Up

ChainCatcher reported that the crypto asset management company Grayscale has released a research report on the Solana ecosystem, pointing out that Solana has become a "host network" for blockchain applications. For example, decentralized exchanges such as Raydium and Pump.fun are built on Solana.

Currently, the Solana ecosystem generates about $425 million in fee revenue per month, which means the annual revenue of the ecosystem could reach $5 billion. So far this year, the average transaction fee on the network is only $0.02. In addition, there are now more than 1,000 full-time developers in the Solana ecosystem, which is lower than Ethereum but higher than other mainstream blockchain ecosystems.

Regarding Solana's native network token SOL, Grayscale believes that although the token supply is growing at an annual rate of about 4%–4.5%, SOL stakers can generally earn a nominal yield of 7%, which means the actual yield can be maintained at around 2.5%–3%. If the Solana network continues to grow over time, investors can expect the price of SOL to rise accordingly.