Many users are spending money on Solana’s blockchain network through on-chain applications, particularly meme coin-related apps. Solana’s decentralized applications generated $6.9 million in revenue on Sept. 18, surpassing competitors. This revenue trend is significant as it indicates user demand and potential for growth. However, a large portion of Solana’s revenue currently comes from meme coin-related apps, which are speculative. Investors should be aware of this and consider the long-term implications. While Solana shows promise, it’s essential to monitor how its revenue mix evolves to ensure a stable investment.

Read more at Yahoo Finance: 1 Big Reason to Buy Solana Right Now, and 1 Reason to Be Cautious