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Solana Tops On-Chain App Revenue: Why It's the Best Blockchain for Crypto Businesses

Solana Tops On-Chain App Revenue: Why It's the Best Blockchain for Crypto Businesses

If you're diving into the world of blockchain and meme tokens, you've probably heard the buzz around Solana. Recently, Mert from Helius.dev dropped a tweet that's got everyone talking about why Solana is killing it as the go-to platform for building online businesses. Let's break it down in simple terms and see what this means for meme token enthusiasts and developers alike.

The tweet highlights Solana's dominance in on-chain app revenue. For those new to the term, "on-chain" just means activities happening directly on the blockchain, like trading, staking, or using decentralized apps (dApps). Mert points out that apps built on Solana have been the top earners for over a year now. That's huge because it shows real money flowing into the ecosystem through user interactions, not just network fees.

Here's the chart he shared, showing the latest 24-hour and 30-day app revenue figures for major blockchains:

Chart comparing app revenue on Solana, Hyperliquid L1, Ethereum, and Base

As you can see, Solana leads with $3.8 million in the last 24 hours and a whopping $202.6 million over 30 days. Hyperliquid L1 comes in second, followed by Ethereum and Base. This isn't about the blockchain's own revenue (like transaction fees), but how much the apps on top of it are raking in. Mert argues this is a way better metric for judging a smart contract platform's health because it reflects actual business success.

Why This Matters for Meme Tokens

At Meme Insider, we're all about meme tokens, and Solana is a hotspot for them. Think about it: meme coins thrive on fast, cheap transactions and a vibrant community. Solana's low fees and high speed make it perfect for launching and trading memes without breaking the bank. When apps on Solana earn big, it trickles down to creators and traders. Popular meme launchpads, DEXs like Raydium, and trading bots are all part of this revenue machine.

This success draws more builders. If you're a developer eyeing meme token projects, Solana offers the tools and audience to turn ideas into profitable ventures quickly. No wonder replies to the tweet echo this sentiment—one user noted how Solana lets you gain viewers, users, and funds faster than anywhere else online.

Solana vs. the Competition

Compare this to Ethereum, which has been the OG blockchain but is now trailing in app revenue. Ethereum's higher gas fees can eat into profits, especially for high-frequency trades common in meme token flips. Base, an Ethereum Layer 2, is growing but still lags behind Solana's numbers. Even Hyperliquid L1, a newer player focused on perpetuals, can't match Solana's 30-day haul.

What sets Solana apart? It's designed for scale. With parallel processing, it handles thousands of transactions per second without congestion. This reliability is key for meme token launches, where timing is everything—missing a pump because of network delays? Not on Solana.

Building Your Business on Solana

Mert wraps it up by saying "Solana is for business." If you're into meme tokens, this rings true. Whether you're creating a fun community token or a utility-driven meme project, the ecosystem supports growth. Tools like Helius.dev provide RPCs and APIs to make development smoother, and the revenue stats prove there's money to be made.

Looking ahead, as blockchain adoption grows, platforms like Solana that prioritize app success will lead the pack. For meme token hunters, this means more opportunities, better liquidity, and potentially higher returns.

If this sparks your interest, check out the original tweet for more community insights. Stay tuned to Meme Insider for the latest on Solana memes and beyond—we're here to help you navigate the wild world of crypto.

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