Solana: July Revenue Hits $82.9M in Bear Market
Solana revenue reached $82.9M in July with $15.7B stablecoin ATH and 16.5% network share ahead of Ethereum despite bear market conditions.
SourceAnalysis
Solana generated $82.9M in app revenue during July, the highest figure since February, while its network revenue share rose to 16.5% and overtook Ethereum for third place overall.
Stablecoin supply on the chain expanded to a fresh all-time high of $15.7B and memecoin trading rebounded to roughly 25% of Solana DEX volume, showing activity rotation even inside a bear market.
At $73.78 the token trades just above the EMA50 support at $73.66 with the EMA200 at $74.6 acting as overhead resistance; price sits inside the Bollinger Bands and tests the upper band at $74.68 while RSI(14) holds neutral at 53.44 and the MACD registers a death cross at -0.08, pointing to limited upside before any retracement toward the lower band at $72.6.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.
Premium Sponsors
.jpg)