Solana Company reports $3.4M Q3 revenue as staking business expands
MARKETScoinbrief/daily · 1 source
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What happened
Solana Company, a listed firm that holds the Solana token SOL, reported $3.4 million in revenue for the July to September quarter, up from $697,000 a year earlier. Most of it came from staking, which means earning rewards by helping run the network. The company also runs validator infrastructure that other holders can use.
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What to do
- Check the company's next earnings report for fee income, delegation retention and cash expenses.
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