1/ July was a strong month for @solana, with onchain activity showing resilience across various fronts: - Real Economic Value: $87M, +38% MoM - App Revenue: $161M, +50% MoM - DEX Volumes: $115B, +42% MoM - Stablecoin Supply: $11.46B, +6.6% MoM Let's dive into the data 👇

2/ Solana's REV hit $87M in July, up 38% MoM. For the first time ever, Hyperliquid (HyperCore + HyperEVM) surpassed Solana in monthly revenue ($88M vs. $87M). July's market share snapshot: - Hyperliquid: 26.9% - Solana: 26.5% - Tron: 18.7% - Ethereum: 16.8% - Others: 11.1%

3/ Solana apps generated ~$161M in revenue in July, up 50% MoM. Top apps by revenue: - Axiom: $41M (26%) - Letsbonkfun: $37M (23%) - Pump: $17M (11%) - Raydium: $16M (10%) Note that we are tracking a subset of apps, so actual revenue may be higher.