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Solana's network expenses and revenue grew more than 42 times year-on-year in the second quarter, and TVL grew 10 times year-on-year

On July 7th, according to the Solana second quarter financial report released by Coin98 Analytics, Solana network fees and revenue experienced significant growth in the quarter, an increase of more than 42 times year-on-year; the total transaction volume of SOL reached 292 billion US dollars, an increase of nearly 7 times compared to the same period last year. In addition, Solana's second quarter network and ecosystem metrics are as follows: more than 15.30 billion transactions (including voting and non-voting); TVL reached $3.40 billion, an increase of 10 times year-on-year; newly minted NFTs exceeded 98 million, an increase of 54 times year-on-year; on-chain USDC market cap reached $2.15 billion (about 70% of the total USDC market cap).