Grayscale: Solana has become the settlement layer for over 1,000 applications, with an average daily transaction volume exceeding 100 million this year.

Grayscale Head of Research Zach Pandl published a note stating that Solana has evolved into a blockchain network capable of supporting large-scale applications. It currently hosts over 1,000 decentralized applications (dApps), has processed an average of more than 100 million daily transactions since 2026, with an average throughput of over 1,200 transactions per second, roughly 4.3 million daily active users (DAUs), and has generated approximately $100 million in cumulative transaction fees for the network. Grayscale pointed out that the Solana ecosystem spans multiple sectors including decentralized finance (DeFi), social trading, and decentralized physical infrastructure networks (DePIN). Among these, the Solana decentralized exchange (DEX) sector, home to trading platform Raydium, has seen cumulative trading volume exceed $360 billion year-to-date; meme coin launch platform Pump.fun has around 1.3 million monthly active users (MAUs) and generates roughly $690,000 in daily revenue; and DePIN project Geodnet focuses on providing centimeter-level positioning infrastructure for physical AI systems such as autonomous vehicles, robots, and drones. Grayscale added that Solana is continuously driving on-chain activity through its diverse application ecosystem, with SOL offering investors exposure to the network’s long-term growth.