Solana captures 38% of on-chain revenue, says Steve Kim
Solana (SOL)
Editor:
Eugene Serbin
Coinfomania.com reports that Solana is emerging as a dominant hub for revenue-generating applications on the blockchain. Steve Kim, Co-Founder and CEO of FourPillarsFP, highlighted this trend during the Solana Summit Korea on 30 September 2026. He stated that 38% of all on-chain revenue is generated on the Solana blockchain.
This statistic underscores the growing importance of revenue-focused applications within the ecosystem. Businesses are increasingly turning to Solana for sustainable revenue generation due to its high-speed transactions and low fees. Developers recognize Solana’s potential for creating profitable applications, which signals strong activity and interest.
The network’s capability to support revenue-generating projects positions it as a competitive player in the blockchain space. This trend could significantly impact the blockchain’s future as more businesses join the ecosystem. Continuous innovations and community engagement will be crucial in shaping Solana's trajectory. The data indicates robust market interest that may lead to further investment and innovation.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Solana is trading at $119.15 with a spot volume of $288,801,540 over the last 24 hours. The 24-hour buy ratio stands at 50.8%, indicating that buyers have controlled the majority of trades over the full day. However, shorter timeframes show a shift in momentum, with the 1-hour buy ratio dropping to 42.8% and the 4-hour ratio at 45.0%. This suggests that buying pressure is fading in the immediate term compared to the daily average. The volume delta reflects this shift, showing a net outflow of $1,854,723 in the last hour and $3,875,463 over four hours. In contrast, the 24-hour volume delta remains positive at $4,961,569, meaning net buying has occurred over the longer period. Cumulative Volume Delta closed at -$1,086,577, indicating that aggressive selling has outweighed buying at the close of the period.
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 saw a price change of +0.5% and a total volume delta of +$44,394,173. The 7-day average buy ratio was 50.8%, which matches the current 24-hour buy ratio exactly. Trading volume today was 0.84x the weekly average, indicating a quieter day than usual. Net buying occurred on 4 of the last 7 days, suggesting a mixed but generally positive trend over the week. This current day aligns with the weekly average in terms of buyer dominance but lags in volume intensity.