Grayscale Report: Solana's Price Is Ready to Take Off

Recently, a notable development has occurred in the cryptocurrency market. Solana (SOL) price has managed to attract investors' attention again with new analyses. A report published by Grayscale suggested that the Solana network has now become a critical "hosting network" for blockchain applications.

The report highlighted the project activities conducted on Solana and the size of its ecosystem. In addition to popular projects like Raydium and Pump.fun, the network, which constitutes the main infrastructure for many decentralized applications, generates an average monthly fee revenue of 425 million dollars. This amount translates to approximately 5 billion dollars on an annual basis.

Another noteworthy aspect is that the transaction costs on Solana are only 0.02 dollars. This situation demonstrates the network’s scalability capacity and transaction efficiency. Grayscale noted that there are more than 1,000 full-time developers in the Solana ecosystem, emphasizing that this number ranks second compared to the Ethereum network.

In an even more interesting detail, Grayscale estimates the annual supply growth rate in the Solana network to be between 4% and 4.5%. The staking yields are around 7% on average. This situation translates to a real return of about 2.5% to 3% for investors. Grayscale states that if the current growth trends of the Solana network continue, the SOL price could follow a positive trajectory in the long term.

With the emphasis on low transaction costs and high developer activity, Solana stands out as one of the most efficient platforms for Web3 applications. At the time of writing, the price of Solana was trading at around 191.85 dollars. It is important for investors to closely monitor developments in the Solana ecosystem in light of this data.