May 24
Report: Solana Activity Hits Record High Despite SOL’s 33% Q1 Drop
Solana's application revenue stayed remarkably stable at over $342 million despite weaker market conditions.
➤ Solana's network experienced record-breaking daily transaction volume in Q1 2026, despite a 33% drop in SOL's price. ➤ The real-world asset (RWA) market on Solana grew significantly, with BlackRock's BUIDL fund and Ondo Finance's tokenized stocks showing notable increases. ➤ While DeFi TVL decreased, application revenue remained stable, driven by platforms like Pump.fun and the emergence of new applications like Bags, though some experienced rapid volatility.