Report: Solana Activity Hits Record High Despite SOL’s 33% Q1 Drop
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SOL fell 33% in Q1 2026 to around $83, marking weak near-term token performance. Messari’s Q1 State of Solana report shows stronger crypto fundamentals: the network hit record daily transaction volume, grew its real‑world asset (RWA) market cap to over $2 billion, and validator revenue barely changed, indicating resilient DeFi activity and adoption despite the price drop.
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SOL fell 33% in the first quarter of 2026 to close at around $83, but Messari’s Q1 State of Solana report tells a story that’s harder to dismiss than the price chart would suggest.
While dollar-denominated numbers dropped across the board, the network set new records for daily transaction volume, grew its real-world asset market cap to over $2 billion, and barely budged on validator revenue.
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