Solana Hits $20M Monthly Revenue, $92.52B Market Cap ATH, and Raises $122.5M

Solana's financial and market performance has shown significant growth with its monthly revenue surpassing $20M this month, a stark increase from $625K in March of the previous year. Additionally, Solana's market capitalization reached a new all-time high (ATH) of $92.52 billion. The network has also successfully raised $122.5M through 27 presales and saw its price return to $200 for the first time since 2021. Solana now accounts for about 16% of all daily fees collected across major protocols, with the network capturing approximately $31M in fees in a single day, surpassing other major protocols like Ethereum ($12.9M), Tron ($4.7M), and Lido ($3.5M). This month, Solana has generated more revenue than the past five months combined and is on track to record more fees this month than the entire previous year.