Solana Surpasses Ethereum in Weekly dApp Revenue Amidst Uncertainty Over Price Target

Solana has experienced a significant surge in weekly dApp revenue, surpassing Ethereum for the fifth consecutive week. This momentum is largely driven by the network's high transaction volumes and strong adoption rates.

The Solana price remains below its target of $200, which it needs to rally by 135% to achieve. However, several catalysts could potentially trigger a price increase in the coming months.

One key factor is the Alpenglow upgrade, which aims to reduce transaction finality from 12.8 seconds to 150 milliseconds. If this upgrade goes live on mainnet before September, it could make Solana the fastest major Layer 1 blockchain and attract institutional investors.

Another potential catalyst is Bitcoin's price increase, as it has historically pulled altcoin money off the sidelines when breaking above $100,000. If Bitcoin clears its current resistance level of $90,000, it could boost Solana's price and drive adoption.