Solana said its ecosystem applications generated nearly $300 million in revenue in the third quarter, up 50% from the second quarter. The network also reported $197 billion in spot decentralized exchange trading volume during the period. Stablecoin market capitalization on Solana reached $17.51 billion, setting a new all-time high, according to the official disclosure. Separately, Colosseum’s Frontier program received nearly 2,900 project submissions. The figures were cited by ChainCatcher from Solana’s official release.
According to an official disclosure cited by ChainCatcher, Solana ecosystem applications generated nearly $300 million in revenue in the third quarter, up 50% from the second quarter.
During the same period, spot decentralized exchange trading volume reached $197 billion. Stablecoin market capitalization on Solana rose to $17.51 billion, marking a fresh all-time high.
Solana also said Colosseum’s Frontier initiative received nearly 2,900 project submissions.
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