Solana

Much like the companies that issue stocks, blockchains that issue cryptocurrencies can be analyzed by the amount of revenue they produce. Assets with more revenue and more revenue growth are likely to be better investments than those without.

By that standard, Solana (SOL 0.87%) is worth looking at closely as a potential investment. On Sept. 18 alone, its decentralized applications (dApps) generated roughly $6.9 million in revenue, more than the next 10 chains combined, and nearly three times the next largest competitor’s tally for the day. That certainly adds to the case for buying it, but when that fact is put in context, investors will also find some reasons to be a little bit cautious here.

Image source: Getty Images.

A reason to buy: A booming app economy

Before getting into the weeds, let’s start with a quick definition. In this context, “application revenue” is the sum of revenue earned by apps on a chain, which is distinct from base gas fees. By convention, the metric excludes stablecoin issuers, liquid staking, and gas itself. It’s a basic measurement of the level to which actual users are paying apps for their services.

So when Solana’s apps pulled in millions of dollars over a 24-hour period, outpacing not just its biggest competitor, Ethereum, but the rest of the field in aggregate, it was a big deal. What’s even more salient is that over the prior 30 days, Solana’s total application revenue of $211 million was more than twice Ethereum’s, so these results were not just a blip.

If you want one reason to buy Solana right now, this is it: There are customers consistently paying to use the applications on its chain, and far more of them than on any other network.

But why does this matter in the bigger scheme of things? The main reason is that app revenue tends to compound.

When app developers see users paying for services, they’re heavily incentivized to make and ship more of their products to that venue. Then the growth flywheel spins even faster as customers see that they can address multiple needs within the same ecosystem. Solana is thus where many developers perceive the growth to be.

Investors should also understand how this value generation accrues to Solana itself rather than just to application-related tokens.

In a nutshell, application revenue does primarily accrue to the applications and their treasuries or tokenholders, not directly to Solana holders. With that said, more usage generally boosts demand for blockspace and the network’s fee markets. And satisfying a customer’s demand for Solana app services requires them to buy and hold Solana to cover their fees. In other words, the ownership flywheel to Solana’s value is more indirect than on chains that burn a larger portion of fees, but strong app revenue still signals a healthy economy that can attract capital and talent, and more activity on the chain does induce more demand for the coin, and thus, drives its price higher.

A reason to be cautious: The headline numbers don’t tell the whole story

There’s an important catch here with Solana’s application revenue. A lot of the applications generating the largest proportion of the network’s revenue are not exactly focused on serious lines of business.

In fact, a large slice of Solana’s application revenue currently depends on applications that streamline the launching and trading of meme coins, which are cyclical, highly speculative, and often simply a stand-in for gambling. That makes sense given that meme coins accounted for roughly 70% of Solana’s decentralized exchange volume at one point, with over 60% of Solana app revenue being closely related to meme coin investing. If market conditions become a bit less frothy, that volume and those revenues are likely to dry up rapidly.

Does that make Solana uninvestable? Not at all. It just means that investors should be aware that its casino-like projects are the ones that are the most successful at the moment. Casinos can be profitable to own, but it’s still important to recognize that you’re (at least in part) buying a portion of one by buying Solana right now.

Assuming that the revenue mix gradually broadens — and it likely will — Solana can convert today’s traffic into longer-lived and more serious segments, and hang onto its mindshare among developers. If its mix stays overly dependent on meme coins, it might be a volatile ride, and the crypto’s upside might have a lower cap.

The investment thesis for buying this coin still rests on the real economic signal that users are paying to use apps at scale on this chain, and at a vastly higher rate than they’re doing that elsewhere. There are a lot of reasons to be bullish about Solana’s future, so the balance of risk and reward here does still tilt heavily toward buying it.

One way to have your cake and eat it too is to accept a long holding period and restrict yourself to a modest position sizing, at least until there’s clearer evidence of the ecosystem widening a bit. Until then, just remember that casinos wouldn’t be so large and opulent if they were bad at making money.

If you catch an asset early in its adoption curve, you don’t need to be perfect to do really well. On that note, five years ago, Solana (SOL -3.61%) was a fledgling smart contract network with more ambition than market share. Had you invested $1,000 then, it would be worth roughly $55,000 on August 27, 2025, or around 5,620% more than what you started with.

That kind of growth, despite skepticism and severe setbacks, is why investors pay attention to the Solana blockchain today. Let’s break down its path and examine its future prospects.

Image source: Getty Images.

The last five years were amazing for investors — but extremely difficult too

Today, Solana trades a little above $204 per coin. On Aug. 27, 2020, just shortly after its mainnet beta went live in early 2020, its price was about $3.44.

The price action over the last five years was not a straight line upward. In fact, as coins go, this one was an extremely difficult investment to hold. Most investors probably would have cracked and sold their coins at one moment in particular.

The FTX bankruptcy hit in November 2022, obliterating all positive sentiment in the crypto sector overnight, and sharply disrupting the supply dynamics around coins associated with the exchange.

Solana was especially hard hit because FTX was heavily promoting it, and owned a stake equivalent to roughly 10% of its total market cap at the time. The exchange had also issued wrapped tokens on the chain, which many users and decentralized finance (DeFi) projects were using as collateral. When the assets backing those tokens were revealed to be missing, they went to zero and took down a significant portion of the Solana ecosystem on the way.

Between the end of November 2021 and a year later, Solana lost 93% of its value.

Even so, by January 2025, Solana’s DeFi total value locked (TVL) had pushed back above $10 billion for the first time since before the collapse, a sign that builders and users had returned.

But why did capital come back after seeing the coin’s value evaporate nearly overnight?

The chain’s core pitch to investors, users, and developers remains its high throughput and low fees, which are both significant advantages for consumer-facing activity. Recent usage data supports that reality, with millions of daily active wallet addresses and tens of millions of daily transactions at periods of peak demand.

Will the next five years rhyme?

Solana’s near-term upside will likely be driven by where it already shows product-market fit. But don’t expect a repeat of its past bull run.

Start with DeFi and non-fungible tokens (NFTs). Even after the 2022 to 2023 crypto winter, NFT sales on Solana have remained active. For 2024 as a whole, Solana ranked third in NFT sales at roughly $1.4 billion, an indication that participation persisted through the broader recovery.

But the bigger story is probably in the rise of a certain kind of fungible crypto token: tokenized stocks.

Such assets are simply stocks that are tracked and traded on the blockchain instead of on the traditional markets. Currently, there’s nearly $500 million in value stored on the chain’s tokenized equities. If the asset tokenization trend continues, and it probably will, that sum could balloon significantly over the coming years, attracting a lot of new value to the chain and generating revenue for the network when investors trade their tokenized stocks.

Another new catalyst is the emergence of on-chain AI agents, small programs that can reason over tasks and transact with decentralized applications (dApps) or smart contracts on a user’s behalf. If agent-mediated activity scales, Solana is well placed to capture it. There’s not much hope for the emerging AI agent segment to power the same scale of returns that Solana experienced over the last five years, but it could still make the coin’s value increase substantially if it takes off.

So, is it worth buying some Solana and holding it for the next five years? Absolutely. Just keep your expectations in check, and be aware that it’s very possible for the coin to experience another wild ride like it has since 2020.

With growing activity across decentralized apps, NFT platforms, and a fresh wave of meme coin launches, analysts say a Solana run to $300 isn’t out of the question. If the trends from six months ago are replicated, we could see a new all-time high for SOL, a record previously set at $294 in January this year.

Much of the momentum this cycle is again tied to meme coins, and with the launch of platforms like LetsBONK, Solana’s part in the meme coin economy is increasing rapidly. As over 40,000 new tokens launch each day on Solana, most are destined to fail, some are scams, but a few deliver big returns.

Snorter Bot (SNORT) is emerging as an indispensable automated trading bot aimed at sniping that 1% of meme coins that make it big. With sub-second speed, tools to block honeypots and rugpulls, and over $2 million raised, the Snorter Bot presale is grabbing attention as the top new utility project in Solana’s meme coin space.

Solana’s $300 Target a Reality as Meme Coins and DeFi Projects Multiply

In a game-changing development, tokenized stocks have recently gone live on Solana, enabling users to purchase their favorite stocks, such as Tesla, Nvidia, or Amazon, without requiring a traditional brokerage account. Users can buy these tokens on Jupiter or any other DeFi platform on Solana, using a variety of assets, including USDC and SOL, as well as meme coins like BONK and PENGU.

Even the technical charts point to further gains for SOL. A popular Solana analyst, jussy, predicted that Solana could push towards $263 if it breaks resistance at $180. Having just crossed $190, a continuation of its rise towards high $250s could give SOL further momentum to break the magical $300 mark.

The recent rise of ETFs paints SOL’s new climb towards an ATH in a completely different light. Now, with Solana ETFs attracting $78 million in inflows within a few days of their launch and new institutions filing for a Solana ETF, the door to boundless capital from traditional investors has been wide open.

But nothing moves the charts like meme coins. Tokens like BONK and PENGU recently overtook TRUMP as the two largest meme coins on Solana. Bonk’s launchpad LetsBONK is seeing a surge in revenue, too, and it consistently pushes past $400 million in 24-hour trading volume.

The meme meta is what drove Solana to its all-time highs at $294, and it appears that the meme meta will be instrumental in propelling Solana to $300 this time.

However, over 40,000 meme coins are being created daily on the Solana blockchain. It’s chaos where most of the coins have no future. A recent report from Solidus Labs flagged widespread rugpulls and pump-and-dump activity across more than 98% of the tokens launched via Pump.fun, another meme coin launchpad on Solana.

But within that chaos, there’s also an opportunity, as a small percentage of golden goose tokens can return life-changing upside. Around 300 of these elusive coins reach bonding within 24 hours and continue to the next phase, according to the Jup Pro analytics platform.

To survive the trenches and thrive, manual trading and gut feeling may no longer be enough. That’s where Snorter Bot comes in. This Telegram-native bot features automated tools designed to collect the best coins at launch and uses built-in protection against honeypots and rug pulls, providing retail traders with an edge that was long overdue.

Could Snorter Become the Next Big Solana Token?

As the name suggests, Snorter Bot is a trading bot built for Solana. It’s native to the Telegram app, meaning it transforms the chat app into a full crypto trading terminal where users can snipe meme coins and swap tokens with MEV protection.

The bot delivers sub-second execution speed thanks to its own RPC architecture, enabling its users to outspeed platforms like Jupiter. Additionally, the bot offers rugpull and honeypot detection mechanisms which have proven an 85% effectiveness in eliminating scams and malicious tokens.

Another useful feature is its portfolio tracker, where users can easily monitor their cost basis, PnL, and open positions without resorting to an external app or site. And that’s the beauty of its Telegram integration: there’s no need for complex wallet setups or a flood of browser tabs, it’s all within the chat app.

Initially, Snorter Bot will begin operation on Solana. However, the team plans to expand to EVM-compatible chains, such as Ethereum, BNB, Polygon, and Base. There it will be able to capture an even larger portion of the meme coin market and simplify cross-chain meme coin trading for its users.

SNORT Token Cranks the Features Up to Eleven

The SNORT token is a utlity token used to power and manage Snorter Bot’s wide array of features. It’s multi-chain token, available on both Solana and Ethereum, and gives its holders premium access to unlimited token snipes and advanced portfolio analytics.

For those looking for passive income opportunities, holding SNORT unlocks staking rewards, as well as copy trading capabilities, an extremely welcome feature that is rarely seen outside of centralized exchanges. With Snorter Bot, users can copy the traders of their favorite trader while keeping their assets in a non-custodial wallet.

Snorter Bot also leads the way in fees. With SNORT, users can enjoy fees as low as 85%, a considerable discount from the full 1.5%, whereas standard industry fees often go up to 2%.

The analysts at 99Bitcoins see fundamental value in the SNORT token and believe it can take a serious share of the meme coin market.

Snorter Token Next 10X Potential Crypto?! NEW Solana Meme Crypto Trading Bot!!

Why SNORT Could be the Top Solana Meme Coin

Most meme coins offer no tools, no product, and rarely any use beyond price speculation. Snorter Bot flips that model by building real trading infrastructure in a market where speed and protection matter more than ever.

With LetsBONK and Pump.fun showing that the Solana meme coin moment could experience its biggest charge yet, bots like Snorter could become the core tools for traders looking to discover the next big coins and turn a profit. And with over $2 million raised in its presale, this is one of the top Solana projects right now.

Interested investors can buy SNORT using SOL, ETH, BNB, USDT, USDC, or a bank card. Visit the Snorter Bot presale site and connect your wallet to make the purchase. Early investors can increase their holdings while the presale lasts by staking for a dynamic yield of 186%.

Alternatively, download Best Wallet and buy SNORT from the Upcoming Tokens tab.

Visit Snorter Bot Presale

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. ModernDiplomacy.eu is not a licensed crypto-asset service provider under EU regulation (MiCA). Cryptocurrencies are highly volatile and involve significant risk. Always conduct your own research and consult a licensed advisor before making any investment decisions.