Can $299M in app revenue, positive Q3 releases push SOL’s price higher?
Solana’s (SOL) RWA market has seen vital progress over the previous yr, with the identical catching up with Ethereum due to improved utility revenues in its community. In truth, the community’s on-chain RWA market capitalization elevated from round $700 million to $4.3 billion in only one yr.
Right here, it must be famous that there’s nonetheless a sizeable distinction, in comparison with Ethereum’s market which elevated from $15.5 billion to $16.6 billion. Merely put, whereas Solana’s RWA market is simply 26% the scale of Ethereum’s, Solana noticed a lot larger progress relative to Ethereum.
With rising adoption and income outperforming different networks, can these components assist push SOL’s value increased?
Q3 launch reviews reveals some beneficial properties
In accordance with the released reports, Solana App income rose by about 48% QoQ to $299.1 million, the best since Q3 2025. This income highlighted the dimensions of financial exercise throughout Solana’s purposes.
Nonetheless, a lot of the full got here from client purposes and buying and selling associated exercise. This may fluctuate with market hypothesis and person consideration.
On the identical time, the community’s tokenized equities hit a file $7.1 billion for the quarter, with September hitting a $4.4 billion all-time excessive. That’s not all as Solana’s community processed about $189 Billion in spot DEX volume. This represented a $7 billion surge of all cross-chain spots from the final quarter.
As per the discharge report, the community exercise additionally improved by way of dimension and velocity. Solana processed a file 14.2B transactions, round 1,790 each second.
Can SOL flip adoption into value beneficial properties?
On the worth charts, SOL’s value motion was but to achieve floor at press time. In truth, it had simply dropped previous the bearish pennant sample. SOL’s value was nonetheless testing the final line of defence, a requirement zone between $95 and $100. A break under the demand zone will end in additional dips.
Till then, the long-term construction will stay bullish. Particularly for the reason that altcoin was buying and selling simply above each 100-day and 200-day Exponential Transferring Averages.
So long as the help is defended by the patrons and demand stays sturdy, any enchancment within the efficiency of the ecosystem can additional solidify the case for a transfer in the direction of resistance.
Although there may be sturdy progress in RWA and income from purposes, that doesn’t imply there can be immediate beneficial properties. The altcoin wants shopping for stress to interrupt above the resistance stage.
Last Abstract
- Solana’s RWA market cap climbed from $700 million to $4.3 billion in a single yr, narrowing the hole with Ethereum’s tokenized asset market.
- Solana purposes generated $299 million in reported quarterly income.
