According to Blockworks data, Solana held the top spot for the third consecutive quarter. While Ethereum earned $129.09 million, Tron $165.26 million, and Bitcoin $50.48 million in the same period, Solana surged ahead by a large margin. 

BREAKING: Bitcoin trading volume on @Solana hits a new quarterly high in Q2 2025. pic.twitter.com/HqouQwoFqM

— SolanaFloor (@SolanaFloor) July 4, 2025

This strong rise also boosted investor confidence. The network’s overall structure, dApp activity, and transaction speed made it stand out, along with its developer-friendly environment. Moreover, this performance is not just a short-term increase. Revenue charts from 2016 to 2025 show Solana’s steady upward trend. 

dApp Traffic, RWA, and Meme Coin Platforms Shine 

Solana network consolidates its leadership not only through transaction revenue but also with ecosystem activity. In the last 10 months, Solana ranked first in weekly dApp revenues, attracting attention with its fast and low-cost infrastructure. 

Meanwhile, Bitcoin transaction volume on Solana reached an all-time high in Q2 2025. This data highlights the network’s active role in DeFi and cross-chain interactions. 

Solana DApps have outperformed all L1 and L2 chains in weekly revenue for 10 straight months. Just build on Solana. pic.twitter.com/HU07R6ugpa

— Solana Sensei (@SolanaSensei) July 7, 2025

Additionally, Solana crossed an important milestone in tokenized real-world assets (RWA) with a total value of $418 million. Although trailing Aptos ($538 million), Solana’s growth rate is notable. 

In the meme coin ecosystem, Solana stands out with launchpads like LetsBonk and Pump.fun, attracting institutional interest. However, chains like Arbitrum and Optimism are closing the gap. Therefore, Solana’s ability to maintain leadership depends on continuing its innovation. 

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The post Solana Leads Q2 2025 Network Revenue, Beats Ethereum & Tron appeared first on Coin Engineer.

BTC is only 6% away from its all-time high of $111,700. Despite this surge, the network shows remarkable calmness, with a noticeable drop in transaction counts. 

Bitcoin’s daily transactions, which reached 734,000 in 2023 and 2024, have decreased to between 320,000 and 500,000 daily since early 2025. The main reason for this decline is the reduction in non-monetary transactions related to Taproot and OP_RETURN. Monetary transactions have remained stable, with value transfers steady, while data-carrying transactions have nearly ceased. 

Big Investors Gain More Influence 

Despite the drop in transaction counts, transaction volumes remain high. Daily average transaction volume is around $7.5 billion, with the average value per transaction reaching $36,200. This indicates fewer but larger transactions on the network. 

Supporting this trend, transactions over $100,000 now account for 89% of the network volume, while those between $0-$100,000 have fallen to 11%. These figures clearly show large investors dominating on-chain activities. 

Explosion of Off-Chain Market Volumes 

Spot and derivatives markets play a critical role in BTC’s current dynamics. Centralized exchanges see an average daily spot volume of $10 billion. Futures trading volume reached $57 billion daily last year and hit a record $122 billion at peak. 

Options markets have also grown, with daily average volumes reaching $2.4 billion and some days hitting $5 billion. All these figures reveal off-chain market activity is 7 to 16 times larger than on-chain volume. 

Leverage Increases, Risk Rises 

Leverage levels in derivatives markets are rising. Total open interest stands at around $96.2 billion. Especially since the approval of spot Bitcoin ETFs in early 2024, leverage has increased further, bringing higher risk of sudden price swings. Open interest in futures surged from $7.7 billion to $52.8 billion, while options rose from $3.2 billion to $43.4 billion, pushing total derivatives open interest to $114 billion. This shows clear growth and rising investor interest in derivatives. 

Meanwhile, miners’ income from transaction fees has dropped significantly, averaging only $558,000 daily in the last month. This decline indicates a notable decrease in block space demand, mirroring the general drop in transaction counts. 

One notable development is the preference for stablecoin-collateralized positions over crypto-collateralized ones, signaling more cautious and sustainable risk management by investors. 

The post Bitcoin and Crypto Report 2025: Critical Analysis from Glassnode! appeared first on Coin Engineer.

Following the recent halving, there was a significant increase in transactions on the Bitcoin blockchain with the emergence of the Runes protocol. This increase was quickly approached at a rate of 1 billion transactions. Just a few days after the halving, on April 23, the number of transactions on the Bitcoin blockchain reached 926, which was set as a record.

As Bitcoin’s legacy and first blockchain, it was celebrated by crypto systems as a huge success, amassing 1 billion transaction counts. For the second and largest cryptocurrency such as the Ethereum blockchain, this figure reaches 2.4 billion.

The chart below shows the trend of transaction numbers on the network since Bitcoin was first introduced. At the time of writing, the largest cryptocurrency is trading at approximately $64,200.

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