On October 25, COINOTAG highlighted a significant milestone for the Solana network, with its daily revenue reaching a historic peak on October 23, following an earlier high noted on October 22. According to insights from Blockworks Research, the Solana blockchain generated approximately $8.7 million in economic value on October 23, marking a new record. This substantial figure encompasses all revenue streams, including transaction fees, priority fees, and tips, illustrating a robust economic activity within the network.
Furthermore, a report from DefiLlama indicated that the total value locked (TVL) in the Solana ecosystem has experienced explosive growth, skyrocketing from under $250 million at the start of 2023 to an impressive $6.8 billion as of October 24. This remarkable increase underscores Solana’s burgeoning popularity and the rising investor confidence in decentralized finance (DeFi) projects hosted on its platform.