Solana generated $143.23 million in application revenue in August, representing 38.1% of the $375.53 million tracked globally across all blockchains. The network surged 73% compared to July and processed a record 5.2 billion non-vote transactions, exceeding all other Layer 1 and Layer 2 solutions combined. Pump.fun, the memecoin launchpad, contributed approximately $58.2 million, accounting for over 40% of Solana’s total. Hyperliquid L1 came in second with $55.6 million, followed by Ethereum at $47.1 million and BNB Smart Chain at $34.7 million. Solana has been the top blockchain for application revenue for nine consecutive quarters.
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