Solana said in a post on X that application revenue across its ecosystem came in at nearly $300 million in the third quarter, up 50% from the second quarter. The network also reported $197 billion in spot decentralized exchange, or DEX, trading volume during the period. At the same time, stablecoins on Solana reached a market capitalization of $17.51 billion, setting a new all-time high. The figures were disclosed by Solana directly on social media and were cited by Odaily. No additional breakdown was provided in the source material, but the update highlighted growth across application revenue, spot DEX activity, and stablecoin supply on the network in the third quarter.
Solana said in a post on X that application revenue across the Solana ecosystem reached nearly $300 million in the third quarter, up 50% from the second quarter.
The network also said spot DEX trading volume totaled $197 billion, while stablecoin market capitalization climbed to $17.51 billion, a record high.
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