Grayscale: Solana Settlement Layer Processes Over 100M Daily Transactions, SOL Offers Long-Term Exposure
Zach Pandl, Head of Research at Grayscale, released a report stating that Solana has evolved into a settlement layer hosting over 1,000 decentralized applications. Since 2026, the network has processed over 100 million transactions per day, averaging more than 1,200 TPS, with approximately 4.3 million daily active users and cumulative transaction fees of ~$100 million. The ecosystem spans DeFi, social trading, and DePIN. Key projects include Raydium (cumulative DEX volume exceeding $360B in 2026), Pump.fun (1.3M monthly active users, ~$690K daily revenue), and Geodnet (centimeter-level positioning for physical AI). Grayscale views SOL as a vehicle for long-term exposure to Solana's network growth.



