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Bad news first. Solana closed in June for $155. This was down 1.2% in a month. Given the wider Altcoin slump, it’s not catastrophic, but Sol has fallen below BTC and hype for the second straight month.
According to a recent update to Blockworks Research, Real Economic Value (Rev) fell 48% in June, Dex volume fell 35%, and Token Holder’s net profit fell 56% to a mom.
In an advantage, Solana handled over 2.1 billion successful transactions in June and set new records. App revenues reached $150 million, up from $133 million in May. This was 35% of all application revenues across the chain. In June, the highest revenue app (pumps and axioms) was drawn in, driven by members and leverage, which pulled over $76 million in June.
It’s now Wednesday and, as promised, the Rex-Soprey Sol Staking ETF is live. The Sol priced at $161 on the expected lead, but returned to $146 within a day. At the time of publication, Sol Price surpassed approximately $152.
The pump first turned the Raidium on Dex volume, closing June, closing with a 26% and 32% share of Raidium. Trading-centric apps account for almost 90% of Solana’s total application revenue.
Meanwhile, XStocks (tokenized US stocks) was published on June 30th. So far, there are 11 lists (such as Spyx, Tslax, MSTRX), and there are another 40 in the pipeline. Day One Volume has cleared $1.3 million.
