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Solana activity hits record high despite 33% price drop in Q1 2026

Protocol Fundamentals
25 May 2026
Cointribune
View Source
Neutral
Solana activity hits record high despite 33% price drop in Q1 2026

In Q1 2026, Solana's token price dropped 33% to around $83, yet its network activity surged to an all-time high with 112.6 million daily transactions, a 50% increase from the previous quarter. The network's total revenue from applications remained stable at $342.2 million, showing resilience despite the bearish market. Growth in tokenized real-world assets and stablecoins, along with strong DeFi activity, highlights Solana's ecosystem maturity and institutional interest. This shows that asset price and network health can diverge, with Solana thriving operationally even as its price falls.

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