Gray Release Solana Research Report: Ecological Annual Revenue Could Reach $5 Billion, If the Network Grows as Expected, It May Drive SOL Upward

ChainCatcher news, the cryptocurrency asset management company Grayscale released a research report on the Solana ecosystem, which pointed out that Solana has become the "hosted network" for blockchain applications, such as decentralized exchanges Raydium and Pump.fun, which are built on Solana.

Currently, the Solana ecosystem generates approximately $425 million in fee revenue per month, which means the annual revenue for the ecosystem could reach $5 billion. So far this year, the average transaction fee on the network has only been $0.02. In addition, the number of full-time developers in the Solana ecosystem has exceeded 1,000, which is lower than Ethereum but higher than other mainstream blockchain ecosystems.

Regarding the native network token SOL, Grayscale believes that although the token supply is growing at a rate of about 4% to 4.5% per year, SOL stakers can generally earn a nominal yield of 7%, which means the actual yield can be maintained at around 2.5% to 3%. If the Solana network grows over time, investors can expect the price of SOL to rise accordingly.