According to Odaily, Solana's Q2 financial report, released by Coin98 Analytics, reveals a significant increase in the network's fees and revenue. The report shows a year-on-year growth of over 42 times. The total transaction volume of SOL reached $292 billion, marking a nearly seven-fold increase compared to the same period last year.
In addition to these financial indicators, the report also provided some key network and ecosystem metrics for Solana in Q2. The network processed over 153 billion transactions, including both voting and non-voting transactions. The Total Value Locked (TVL) reached $3.4 billion, showing a ten-fold increase year-on-year.
The report also highlighted the growth in the creation of new Non-Fungible Tokens (NFTs) on the Solana network. Over 98 million new NFTs were minted, marking a 54-fold increase compared to the same period last year. Furthermore, the on-chain market value of USDC on Solana reached $2.15 billion, accounting for approximately 70% of the total USDC market value.