Solana continues to shine in the crypto world, delivering strong performance across the board in the second quarter of 2025. The latest Solana Network Health Report, released by the Solana Foundation, highlights several impressive achievements, including a second consecutive quarter with over $1 billion in app revenue and significant improvements in network decentralisation and developer engagement.
$1 Billion+ App Revenue for Second Straight Quarter
In Q2 2025, Solana’s total application revenue surpassed $1 billion, marking the second consecutive quarter it has achieved this milestone. This growth is even more impressive considering that most other blockchain networks saw a drop in app revenue during the same period.
Solana’s application revenue now exceeds the combined total of all other major blockchain networks, showing its dominance in user engagement and ecosystem growth. This surge in app activity has also been a major boost for validators on the network.
Validator Earnings Soar as Costs Drop
Validator income on Solana rose sharply, averaging around $800 million during the quarter. The most profitable day for validators was January 19, when they collectively earned $56.9 million.
But it’s not just about earning more. Validator costs have dropped significantly over time, thanks to better network efficiency. Back in 2022, validators needed to stake about 50,000 SOL just to break even. Now, they need only 16,000 SOL, a sign of how much the network has improved in managing resources and operational costs.
Developer Activity Hits New Highs
Solana continues to be a magnet for developers. In 2024, the network attracted 7,625 new developers, the highest among all blockchain platforms, including Ethereum. Currently, there are about 3,200 active developers contributing to the network, a testament to Solana’s strong community and developer-friendly ecosystem.
This surge in developer activity is helping drive innovation and maintain the network’s momentum in terms of app development and new tools.
Decentralisation Reaches New Levels
One of the major highlights of the report is Solana’s progress in decentralisation. The Nakamoto Coefficient, a measure of how decentralised a network is reached 20 by June 2025. That’s higher than Ethereum (6), Sui (18), and Sei (7), putting Solana at the top in terms of validator distribution and decentralised control.
Solana validators are also geographically well spread out. No single country or data centre controls more than one-third of the total network stake. The top countries contributing to validator staking are:
- Germany – 23.55%
- United States – 17.37%
- Netherlands – 14.36%
This global distribution supports network resilience and security.
Solana is Setting the Pace
From revenue and decentralisation to developer growth and validator rewards, Solana is making strong progress on all fronts. Its impressive performance in Q2 2025 shows that it’s not just surviving in the crowded blockchain space.
With improved network efficiency, growing community support, and consistent developer engagement, Solana is positioning itself as a long-term player in the crypto world. As competitors face slowdowns, Solana’s continued growth sends a clear message: this blockchain is built for scale, speed, and staying power.
