Solana (SOL) has continued to experience high levels of user activity. The Solana Foundation released its Solana Network Health Report on Friday, detailing the blockchain’s performance in the second quarter of 2025. App revenue surpassed $1 billion for the second consecutive quarter, highlighting the network’s ongoing momentum.
During the second quarter, Solana saw an increase in application revenue compared to the first quarter, while other leading blockchain networks experienced a drop in their app earnings. Remarkably, the revenue generated by Solana-based applications now exceeds the combined total of all other blockchain platforms.
This surge in activity led to a significant increase in validator earnings, which averaged $800 million during the quarter. Validators earned a record $56.9 million on January 19, setting a new daily high. At the same time, their operating expenses dropped sharply, reflecting increased network efficiency.
Significantly, a considerable reduction has been seen in the breakeven SOL stake needed by validators to meet their expenses. The current requirement stands at just 16,000 SOL—down sharply from 50,000 SOL in 2022. As stated by the Solana Foundation, this drop highlights major advancements in the network’s overall efficiency.
Solana attracted the highest number of new developers among all blockchains. In 2024, 7,625 developers joined the network, surpassing even Ethereum in developer interest and participation.
Solana Foundation Highlights Progress in Network Decentralization
The Solana Foundation reported notable progress in the network’s decentralization. By June, the Nakamoto Coefficient—a metric used to evaluate decentralization—had reached a value of 20. This placed Solana ahead of networks like Ethereum, Sui, and Sei, which recorded coefficients of 6, 18, and 7, respectively.
Solana’s validator stake has been widely spread across different regions, ensuring no individual country or data center controls over 33% of the total stake. Germany holds the highest share at 23.55%, followed by the United States with 17.37%, and the Netherlands with 14.36%.
 has continued to experience high levels of user activity. The Solana Foundation released its Solana Network Health Report on Friday, detailing the blockchain's performance in the second quarter of 2025.){kind=link}