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Solana hits record 112.6M daily transactions in Q1, with $144M launchpad revenue and rising real-world asset interest.

Protocol Fundamentals
24 May 2026
Blockonomi
View Source
Bullish
pluang ai news

In Q1 2025, Solana achieved a new milestone with 112.6 million average daily non-vote transactions, a 50% increase from the previous quarter, signaling strong user engagement despite market downturns. Launchpad platforms generated $144 million, accounting for 42% of Solana's app revenue, while the network's real-world asset (RWA) market cap grew 43% to $2.01 billion, boosted by BlackRock's BUIDL fund doubling to $525.4 million. Solana also expanded payment capabilities by supporting major protocols like x402 and Stripe’s Machine Payments, positioning the network for broader institutional adoption. This resilience in on-chain activity contrasts with token price pressures, highlighting Solana's robust ecosystem and potential growth ahead.

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