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Crypto Intelligence
By Zach Pandl, Head of Research

June 30, 2026

Solana is Designed to Host Applications at Mass Scale

Zach Pandl
By Zach PandlGrayscale Head of Research

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The Solana blockchain is home to a diverse ecosystem of decentralized use cases, serving as the settlement layer for more than 1,000 unique applications.1 Year-to-date, the network has averaged over 100 million daily transactions—more than 1,200 per second (see chart)—and 4.3 million unique daily users, driving about $100 million in total YTD transaction fees.2 This is all driven by a suite of applications focused on areas such as decentralized finance, social trading, and decentralized infrastructure.


A few of the most exciting Solana-based applications include:


  • Raydium, a decentralized exchange (DEX) and core component of Solana’s decentralized finance (DeFi) infrastructure. Year to date, Solana DEXs have traded more than $360 billion in volume, more than any other blockchain ecosystem.3
  • Pump.fun (“Pump Dot Fun”), a memecoin launchpad and social app. Pump.fun has about 1.3 million monthly active users and generates around $690,000 in revenue per day.4
  • Geodnet, a decentralized physical infrastructure (DePIN) project focused on building location positioning infrastructure for physical AI systems. Geodnet enables users to contribute data that provides centimeter-level positioning accuracy for autonomous vehicles, drones, robotics, and other machine-operated systems.


Key Takeaway: Solana hosts a thriving ecosystem of applications generating meaningful onchain activity, with SOL offering investors exposure to the network's continued growth.


Exhibit 1: Solana offers lightning-fast settlement capabilities at scale, facilitating over 1.2k transactions every second year-to-date.



1. DappRadar. Data as of June 17, 2026.

2. Artemis. Data as of May 31, 2026.

3. DeFi Llama. Based on the 30 days ending June 17, 2026.

4. Token Terminal. Data as of June 16, 2026. Based on 90-day averages ending June 16, 2026.



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