1/ In June, @solana's onchain activity declined across various fronts:
- Real Economic Value: $63M, -48% MoM
- App Revenue: $150M, -38% MoM
- DEX Volumes: $90B, -35% MoM
- Stablecoin Supply: $10.8B, -6.5% MoM
Let's dive into the data 👇
3/ App revenue serves as an indicator of success for businesses within an ecosystem.
Solana apps generated $150M in revenue in June, accounting for 35% of total app revenue across all chains.
BSC was second in line (17%), with almost 90% of its revenue coming from Pancake Swap.
6/ Solana's stablecoin supply decreased by 6.5% MoM, closing June at $10.8B.
USDC circulating supply on Solana decreased by about $1B (-12%) in the past month.
Meanwhile, FDUSD added $200M in supply, growing almost 200%, from $104M to $304M.
8/ To stay updated on Solana's monthly developments, including in-depth discussions about the latest Solana Improvement Documents (SIMDs), onchain financials, DeFi activity, and more, subscribe to @blockworksres and check out the latest note by @0xcarlosg.
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