**Key Takeaways**
– What’s driving Solana’s current growth? Developer engagement and active protocols on Solana are creating a self-reinforcing loop of activity and revenue.
– How significant is protocol revenue on SOL? Daily milestones, such as ORE’s $1 million in revenue, highlight that protocol-level activity is a key metric fueling scalability and SOL’s growth phase.
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**Solana’s [SOL] Multi-Purpose Ecosystem Is Back in the Spotlight**
Revenue momentum is reshaping Solana’s position as a Layer 1 (L1) blockchain. Recently, Solana reposted on X a tweet showcasing the ORE [ORE] protocol hitting $1 million in daily revenue. Built on Solana, ORE exemplifies rising on-chain income and growing network utility.
This milestone aligns closely with findings from a recent 21Shares report, which noted that Solana averaged $240 million in monthly revenue. During periods of intense activity, monthly revenue peaks surpassed $600 million, totaling an impressive $2.85 billion for the year.
In short, hitting the $1 million daily revenue mark signals that ORE has become a key player in the SOL ecosystem. However, it’s worth noting that Pump.fun [PUMP] leads the revenue charts. Over the past 30 days, PUMP generated $38 million in revenue, highlighting its dominant role in driving network activity on Solana.
From a broader perspective, these revenue milestones highlight Solana’s ongoing evolution into a robust L1, supported by strategic protocol upgrades. This raises an important question: is SOL entering a new growth phase powered by steady and sustained revenue flows?
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**Developer Engagement Creates a Growth Loop on Solana**
Just two years ago, Solana’s revenue was only a fraction of what it is today. Between October 2022 and September 2023, total network revenues stood at a modest $13 million. Fast forward to the 2024-2025 cycle, and this number has skyrocketed to $2.85 billion, marking rapid growth in network activity.
In this context, the ORE milestone represents only a piece of a larger puzzle. The bigger engine behind Solana’s expansion is its vibrant developer community. According to Chainspect, Solana currently leads all blockchains with 10,733 active developers.
Simply put, the high revenue on Solana is fueling a self-reinforcing loop. As projects experience increased activity—thanks to Solana’s strong fundamentals—more developers are motivated to build on the network. This, in turn, drives even more development and user engagement, propelling SOL into a new phase of growth.
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**Looking Ahead: Protocol Revenue as a Key Metric**
With this dynamic in play, Solana’s protocol scalability is set to expand further. Protocol revenue is emerging as a critical metric for understanding the network’s health and growth trajectory.
ORE’s $1 million daily revenue milestone demonstrates how individual projects contribute meaningfully to overall network expansion. As these protocols continue to thrive, they will further empower Solana’s ecosystem, solidifying its position as a top-tier blockchain for decentralized applications.
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*Solana’s growth story is one defined by rising revenues, active developer participation, and successful protocol deployments—all combining to create a promising outlook for the future of SOL.*
https://bitcoinethereumnews.com/tech/solanas-2-85b-revenue-fuels-its-next-growth-phase-heres-how/