Solana posted more than $1 million in network revenue on Aug. 19, reaching its highest daily level in six months, according to a Techub News brief citing data tracked by SolanaFloor. The figure refers to REV, or network revenue, which combines base fees, priority fees, and MEV tips.
The report said the improvement extends a growth trend that has been in place since July. During that month, ecosystem application revenue reached $82.9 million, the highest monthly mark since February this year.
Techub, citing CryptoBriefing, said the rise in network-level revenue points to stronger demand for blockspace. It added that the change may affect validator income and SOL staking yields, and could also reduce circulating token supply through the protocol’s fee-burning mechanism.
Solana generated more than $1 million in network revenue on Aug. 19, marking its highest daily reading in six months, according to Techub News.
The figure was tracked by SolanaFloor and reflects REV, a network revenue metric made up of base fees, priority fees, and MEV tips.
Techub said the rebound in revenue continues a growth trend that has been in place since July. In that month, ecosystem application revenue reached $82.9 million, the highest monthly total since February this year.
The increase in network-level revenue points to rising demand for blockspace. According to the report, that may affect validator income and SOL staking yields, and may also reduce circulating token supply through the protocol’s fee-burning mechanism.
The item cited CryptoBriefing as the source of the report.
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