Cryptocurrency Live News & Updates : Solana Reports 3,200 Active Developers and $1B Revenue

21 Jun 2025 | 01:35:11 AM IST
Solana's network maintains robust engagement, achieving over $1 billion in app revenue for the second consecutive quarter, alongside a significant rise in validator income. Solana continues to thrive, reporting over $1 billion in app revenue for Q2 2025, marking its second consecutive quarter of such success. This growth has led to a notable increase in validator income, averaging $800 million quarterly. Meanwhile, the SEC appears poised to approve a wave of crypto ETFs, with analysts estimating a 90% chance for Solana, Litecoin, and XRP approvals, reflecting a pro-crypto shift. The anticipated approval of these ETFs could further bolster the market. Bitcoin has also crossed the 105,000 USDT mark, indicating a slight increase, while KindlyMD's merger with Nakamoto has secured an additional $51.5 million for Bitcoin investments. This trend highlights a growing corporate interest in Bitcoin, with over 220 companies now adopting formal Bitcoin treasury strategies. However, analysts caution about the risks associated with corporate BTC holdings, including market volatility and regulatory uncertainties. The landscape is evolving rapidly, with Solana leading in developer engagement and the SEC's stance potentially reshaping the crypto investment environment. Show more

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