Solana app revenue hits $180 million in September
Solana (SOL)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Solana applications generated $180 million in revenue during September, marking a nine-month high. This performance secured a 32% share of total blockchain app revenue, with roughly one in three dollars earned on-chain flowing through the network. On September 12, daily app revenue peaked at $7.935 million, surpassing the combined totals of Ethereum, Robinhood Chain, Hyperliquid L1, and BNB Smart Chain.
Weekly revenue also climbed to $49.9 million in late September, a level not seen since mid-2025. The network recorded 7,699 monthly active programs, the highest count since August 2025. Despite this revenue growth from August’s $143.23 million, Solana’s market share slipped from 38.1% to 32%.
A Spanish-language report estimated September revenue at approximately $145.75 million, highlighting discrepancies in how different trackers count fees. The rise in active programs alongside revenue suggests a growing economy rather than a temporary spike. Rivals were active enough to reduce Solana’s share even as its total earnings increased. Methodology differences explain the gap between the $180 million figure and the lower estimate.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 1 October 2026. Not the outlet's figures.
Solana is trading at $118.12 with a 24-hour buy ratio of 49.8%, indicating near-even distribution between buyers and sellers. The 1-hour buy ratio has dropped to 34.5%, while the 4-hour ratio sits at 46.5%, showing that short-term buying pressure is fading compared to the broader daily trend. Volume delta reflects this shift, with negative values of -$3,467,739 over one hour and -$2,607,401 over four hours. Over the full 24-hour period, the volume delta is -$1,130,355, and cumulative volume delta closed at -$7,679,835. These negative deltas indicate that sell volume has exceeded buy volume in recent hours, despite the 24-hour buy ratio remaining near parity. Spot volume for the period reached $348,023,504 across more than one million trades.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, Solana averaged a 50.9% buy ratio, with the latest day sitting 1.1 percentage points below that average. Volume was 1.04 times the weekly average, suggesting trading activity remained consistent with recent norms. The coin saw net buying on five of the seven days, with an eight-day volume delta of +$45,008,083. Compared to the 24-hour buy ratio of 49.8%, the weekly average of 50.9% shows a slight deceleration in buying intensity. This represents an ordinary trading day, as volume and ratio deviations remain minimal relative to the weekly baseline.