Solana Tops DApp Revenue Among L1 and L2 Chains for 19th Month
Solana maintains its lead over all Layer 1 and Layer 2 blockchain networks in decentralized application revenue for a nineteenth consecutive month.
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Terms & Concepts
- Layer 1 (L1) blockchain: A base blockchain network, such as Solana or Ethereum, which processes transactions without relying on other chains.
- Layer 2 (L2) solution: A secondary framework built on top of a Layer 1 blockchain to improve scalability and transaction speed.
- DApp revenue: Income generated from decentralized applications running on blockchain networks.