Solana's network generated $87 million in revenue in July 2025, leading all Layer 1 blockchains, including Ethereum and Bitcoin. Despite this financial success, Solana's price declined for the fifth consecutive session, closing at $166.23, as weak US labor data impacted market sentiment. The US Bureau of Labor Statistics reported only 73,000 jobs added in July, falling short of expectations. Solana's strong on-chain fundamentals are underscored by its revenue dominance, with network fees benefiting validators and stakers. The SEC's approval of staking for crypto ETFs could attract more institutional investment, potentially boosting Solana's ecosystem. Although Solana's price is below the 20-day EMA, indicating bearish momentum, maintaining a level above $160 could signal a rebound. Sol Strategies, a major SOL investor, supports the ETF ruling, highlighting the network's long-term potential amid regulatory improvements.