12h ago
Grayscale reported that Solana has become a core “hosting network” for blockchain applications such as Raydium and Pump fun. The Solana ecosystem generates about $425M in monthly fees (annualized over $5B) with an average transaction cost of just $0.02. It now has 1,000+ full-time developers, second only to Ethereum. Grayscale noted SOL’s annual supply growth of 4%–4.5% and staking yields around 7%, implying real returns of 2.5%–3%. If network growth continues, SOL’s price could benefit over time.
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