- Solana maintains 100% uptime while handling $39B in daily volume.
- Validator earnings hit $56.9M as network performance reaches a new peak.
Solana’s blockchain ecosystem is gaining momentum as network activity and revenue metrics trend upward. According to Blockworks Research, Solana’s developer base now exceeds 3,200 monthly active participants, reflecting a steady interest in building on the network.
Validator revenue has averaged $800 million per quarter, with a record $56.9 million earned on January 19, 2025. This rise in earnings is tied to a broader uptick in user transactions and DeFi volume.
Solana has maintained 100% uptime over the past 16 months. The network remained stable even during a $39 billion daily trading volume spike in January 2025.
Enhanced compute capabilities and technical improvements, such as reduced replay times below 400 milliseconds, have helped support an average transaction throughput of 1,100 TPS. In comparison, Ethereum processes around 14 TPS.
SOL Market Sentiment Turns Bullish
Solana (SOL) is currently trading near $145, with market sentiment pointing to a possible breakout. Data from Market Prophit shows smart money sentiment at 1.79, while retail sentiment is also slightly positive. Futures activity on Binance shows a Taker Buy Dominant signal. About 75% of traders are long, with a Long/Short ratio of 2.97.
Technically, SOL remains confined within a $140 to $152 range. It is currently positioned near the lower Bollinger Band. A breakout above the 20-day simple moving average at $152 could shift momentum higher.
Although the MACD remains flat, $192,000 in short liquidations has added upward pressure, potentially setting the stage for a trend reversal.
Sol Strategies Files for Nasdaq Listing
However, CoinCryptoNewz previously reported that Sol Strategies, a Canadian investment firm, has filed a Form 40-F with the U.S. SEC. The company intends to list shares on Nasdaq under the ticker STKE. Shares are already listed on the Canadian Securities Exchange under the symbol HODL, which gained 4.2% to close at $2.38 following the announcement.
Sol Strategies holds 420,000 SOL, worth about $63 million. In April, the firm raised $500 million through convertible notes and may issue up to $1 billion in new shares. Research from Cantor Fitzgerald points to increasing institutional attention on Solana, further boosting the firm’s and the network’s long-term positioning.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
