On July 1, according to Zach Pandl, Head of Research at Grayscale, Solana has become a blockchain network capable of supporting large-scale applications, currently hosting over 1,000 decentralized applications.

Since 2026, it has processed over 100 million transactions per day, averaging more than 1,200 transactions per second, with approximately 4.3 million daily active users and cumulative transaction fees totaling around $100 million.

Grayscale states that the Solana ecosystem now spans domains including DeFi, social trading, and DePIN.

Notably, Solana DEXs have recorded cumulative trading volume exceeding $360 billion within the year, Pump.fun boasts around 1.3 million monthly active users and daily revenue of approximately $690,000, while Geodnet focuses on providing centimeter-level positioning infrastructure for physical AI systems such as autonomous vehicles, robotics, and drones.

Grayscale notes that the rich application ecosystem continues to drive sustained growth in on-chain activity, with SOL offering investors exposure to the long-term expansion of this network.