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How was Solana doing in August? Let’s unpack some numbers.

About $78 million REV (fees + tips) was paid to transact on Solana in August. In 2025, that was Solana’s third-lowest REV month.

On a year-over-year basis, Solana’s REV saw about 24% growth.

Total stablecoin supply on Solana has stagnated at the $10–$13 billion range since March.

Solana is far from dead, but these numbers certainly don’t scream “growth on all cylinders” as they did in early 2025.

Application revenues tell a more optimistic story. Solana apps generated $148 million in August, a 93%…

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