🔘 Grayscale highlights: Apps are driving Solana's rapid growth

Why apps are driving Solana's growth
According to Grayscale's Head of Research, Zach Pandl, Solana's recent growth is directly tied to the apps running on its network. The blockchain serves as a settlement layer for over 1,000 unique applications.
To date, the network's average daily transaction volume has exceeded 100 million, equivalent to over 1,200 transactions per second. Meanwhile, the average daily number of unique users has reached 4.3 million, and it has generated approximately $100 million in cumulative transaction fees year-to-date. These figures indicate substantial on-chain activity within the ecosystem.
Pandl said this week that this activity comes from several categories of applications, noting:
💬 'It's all driven by a suite of applications focusing on areas such as decentralized finance, social trading, and decentralized infrastructure.'
Which Solana apps did Grayscale highlight?
Raydium is one of the main Solana apps highlighted by Grayscale. The decentralized exchange is described as a core component of Solana's decentralized finance infrastructure. To date, trading volume on Solana-based decentralized exchanges has exceeded $360 billion, surpassing any other blockchain ecosystem during the stated period.
PumpFun is another important example of the Solana ecosystem in Grayscale's view. This memecoin launch platform and social app has approximately 1.3 million monthly active users. It also generates about $690k in daily revenue, indicating that social trading apps are contributing to Solana's activity.
Grayscale also mentioned Geodnet, a decentralized physical infrastructure project for positioning physical AI systems. The project allows users to contribute data to provide centimeter-level positioning accuracy. This data can support autonomous vehicles, drones, robots, and other machine-operated systems