Analysis: Solana ecosystem enters 2025 super cycle, with revenue accounting for 46% of the entire chain

Odaily News On-chain analyst arndxt (@arndxt_xo) wrote that Solana is becoming the Bloomberg of the crypto space, with three major data points supporting its 2025 super cycle:
1) Launchpad evolved into a SaaS tool, and LetsBonks daily revenue exceeded $1 million;
2) Tokenized stocks become collateral infrastructure, and pre-IPO equity is the real TAM;
3) Solana’s Q2 revenue reached US$570 million, accounting for 46% of the total chain revenue, driven by tools such as dApp, Bot and Launchpad.