Key facts
- Solana generated $91 million in application revenue in May.
- Solana's May revenue exceeded that of all other blockchains.
- Ethereum generated $52 million in application revenue in May.
- Data was compiled by Defillama.
Solana has emerged as the leading blockchain in terms of application revenue for May, generating $91 million. This figure places it ahead of other major networks, including Ethereum, which recorded $52 million in revenue for the same period. The data, provided by Defillama, indicates a significant level of user engagement and financial activity within Solana's ecosystem, particularly in decentralized applications.