SOLUSD
Solana / United States dollar
crypto Composite

I kept wondering about four years ago the last few days and finally checked.
[https://coinmarketcap.com/historical/20220410/](https://coinmarketcap.com/historical/20220410/)
BTC, BNB, and XRP are up from then.
ETH, SOL, ADA, AVAX, DOGE, and DOT are down.
Tether and USDC were in the top 12.
And Terra was #9 at $92.58.

FTX settlements paying out SOL right now so plenty of dumping. But generally bullish signs in the chart.

I'm in the opposite boat: I've been Solana maxxing looking to get back into ETH as I'm seeing SOL slowly bleed percentage points comparatively. ETH I feel more confident longterm. SOL I think will be fine, but holding ETH makes me feel safer in terms of risk assessment.
Like don't get me wrong, I like SOL's penny fees, speed, and they have my fav Defi platform w/ Jupiter, but the one positive about higher fees is it makes it harder to send cheap scam coins to every wallet, otherwise I agree the ETH fees suck.
The one wildcard factor in all this is AI bots, since if they're doing a lot of buying/selling, I could see cheaper fees being hugely important, but it's hard to predict the future in all this.

You just said the thing I have been trying to explain to everyone who asks why my bot is not trading more. Quiet days are confirmation the edge is intact. That shift from frustration to satisfaction when the bot sits on its hands is the moment you stop being a gambler and start being an operator.
EMA/RSI/MACD/ADX on forex is a solid stack. ADX is the one most people skip and it is the one that saves you from range-bound chop more than any other filter.
For my stock bot on Alpaca, the confirmation stack is RSI plus EMA plus MACD for the technical layer, then a Finnhub news sentiment check, and finally a local AI price prediction model called Kronos as the third veto. All three layers have to agree before it fires. On a normal week that means 3 to 8 trades across 4 symbols (TQQQ, SOXL, NVDL, MARA). On a choppy or headline-driven week, sometimes zero. That zero used to feel like failure. Now it feels like the bot saw something I would not have seen manually and stayed out.
The crypto side is different because the market never closes. That one runs 24/7 on BTC, ETH, SOL, DOGE with a social sentiment layer first and Kronos as the confirmation. Crypto trades more because the opportunity windows are longer and spreads are tighter on the big names.
Kronos is the interesting piece if you have not heard of it. Open source model trained on 12 billion candlesticks from 45 exchanges, runs locally with zero API cost, predicts the next 4 candles with under 0.4% error. I downloaded it from Hugging Face and hooked it into both bots as a final veto layer. When all three signals agree AND Kronos confirms the next few candles will move the right direction, that is when the bot trades. When any layer disagrees, it sits.
You clearly understand the game. What pairs are you running it on, and what is your typical trade count when things are cooking?

This seems like a great idea. Just needs the backing of a reputable company / dev before I would hand over 1 SOL, let alone connect my wallet.

My quant system wants to short SOL here – but it's blocking itself. Here's why.

Brings in smart contracts and yield similar to ETH and SOL

**1 - Promotion is NOT allowed on r/solana.**
This includes Telegram groups, Discord servers, NFT projects, token sales, IDOs, referral links, meme coins, bundler/volume bots, etc.
**As such, your post has been removed.**
There are other subreddits **not affiliated with Solana** that serve this purpose, such as r/SolCoins or r/SolanaMemeCoins — **use them at your own risk.**
**2 - Your post is NOT relevant to the Solana subreddit.**
If your content focuses on a broader Web3 topic, please post it in a more suitable crypto subreddit.
**3 - Duplicate content.**
Your post is a duplicate of an existing link or discussion.
**4 - Begging for crypto.**
Requests for SOL or other tokens to cover fees are not allowed.
**Thank you for your understanding.**

Removing the "what chain are you on?" back-and-forth is underrated. If the recipient can just say "send me SOL or Solana USDC" and the routing handles the rest, that starts to feel like a real payment flow instead of crypto coordination overhead. Curious how you surface fees/slippage to the sender before confirm, because that part probably decides whether non-crypto users trust it.

Solana is the biggest BS scam around. It is just a better executed EOS. If EF didnt sleep on L1 scaling 2022-2023 or so SOL would not have gained a foothold. But now that it has it will be around for a while. Still a pile of crap though.

I see so many people complaining about "getting dumped on" the second they follow a KOL call. I was one of them until I realized it’s not the market - it's the latency.
Look at my February calendar (attached).
Profit: +$81.7K
Streak: 21 days of straight green.
Winning days: 26 out of 28.
The Reality Check:
Most of you are using Telegram bots. By the time a "call" happens, the message travels through TG servers, gets processed by the bot, and then finally hits the RPC. You’re already 500ms to 1.5s late. On Solana, that’s a lifetime.
I moved my entire setup to SniperJet.org (it's a web-based terminal, not a TG bot). Their sub-100ms execution is the only reason my calendar looks like this. I’m getting entries at the base of the candle while the "TG army" is buying the local top.
Why I’m sticking with it:
Speed: <100ms. It’s night and day.
KOL Alpha: I stopped guessing. I use their dashboard to copy only the top 1% of traders with verified on-chain win rates.
Flash Lending: They let you borrow up to 10 SOL instantly. I used this twice in February to flip plays when I was out of liquid cash, and it paid off big.
Non-Custodial: I keep my keys.
If you’re tired of being exit liquidity, stop trading with tools built for 2021. The tech has evolved.
The site is https://sniperjet.org
I'm curious - for those of you making consistent gains, are you still on Telegram or have you moved to terminals yet? Let's discuss.

So dont use my hodl cold storage wallet for defi? I stake ADA and SOL on Ledger.

SOL should be $10 higher with the price of eth and btc, it's doing so bad.

**1 - Promotion is NOT allowed on r/solana.**
This includes Telegram groups, Discord servers, NFT projects, token sales, IDOs, referral links, meme coins, bundler/volume bots, etc.
**As such, your post has been removed.**
There are other subreddits **not affiliated with Solana** that serve this purpose, such as r/SolCoins or r/SolanaMemeCoins — **use them at your own risk.**
**2 - Your post is NOT relevant to the Solana subreddit.**
If your content focuses on a broader Web3 topic, please post it in a more suitable crypto subreddit.
**3 - Duplicate content.**
Your post is a duplicate of an existing link or discussion.
**4 - Begging for crypto.**
Requests for SOL or other tokens to cover fees are not allowed.
**Thank you for your understanding.**

**Source:** [https://x.com/SolanaFndn/status/2044088384239390804](https://x.com/SolanaFndn/status/2044088384239390804)
Solana Token Holder Report for Q1

41% of all onchain spot volume.
\#1 in RWA lending at $1.23B.
10.1B transactions processed.

Read the full report below
[https://x.com/Blockworks/status/2044068348636385521](https://x.com/Blockworks/status/2044068348636385521)
https://preview.redd.it/czm0dcnpr6vg1.png?width=680&format=png&auto=webp&s=dfb8c188f63c4d64e7b4619a86bb326326d773bd
# Executive Summary
Solana continued to solidify its position as the primary venue for onchain spot trading in Q1 2026, capturing a leading 41% volume market share against other chains. Institutional adoption also strengthened during the quarter, with SOL ETPs recording $208M in net inflows despite a broader market downturn.
The ecosystem demonstrated growing depth across key verticals. RWAs emerged as a major growth driver in lending, with Solana surpassing Ethereum to become the leading chain in RWA lending deposits ($1.23B, +115% QoQ). Tokenized asset volumes also reached a new all-time high of $1.3B, driven primarily by equities and pre-IPO exposure. Consumer activity remained strong, supported by one of the deepest retail bases in crypto and continued traction in areas such as launchpads and mobile distribution.
At the network level, Solana further validated its position as the most performant general-purpose chain in production, reaching all-time highs in transaction count (10.1B) and throughput (\~1.3K TPS), while maintaining consistently low median fees (\~$0.0005) even during stress events.
https://preview.redd.it/k10ubasur6vg1.png?width=680&format=png&auto=webp&s=131f67e2b9c6c8f6fb270e696265494b2c4074b5
# Financials
# Real Economic Value (REV)
Solana’s Real Economic Value (REV) totaled $89.8M in Q1 2026, stabilizing near Q4 2025’s $91.0M following a sharp normalization from the $819M peak in Q1 2025. The year-over-year decline reflects a combination of factors: (1) a broad slowdown in memecoin-driven activity in line with overall market conditions, (2) a shift in DEX volume composition toward the SOL-USD pair driven by the rise of prop AMMs, and (3) improvements in Solana’s market microstructure, which have reduced reliance on out-of-protocol tips for transaction inclusion.
[Solana Network REV. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/sxvgs2vvr6vg1.png?width=680&format=png&auto=webp&s=a09ba66f693d7344fcc3a3bb0c8d5c14181961b9)
REV measures user demand to transact on a blockchain, tracking all value paid for transaction execution. Solana was the leading chain by REV in Q1 2026, with its share of network revenue increasing from 20% in Q4 2025 to 29%.
[Network REV Distribution by Chain. Source: https:\/\/app.blockworksresearch.com\/analytics\/chain-comparison](https://preview.redd.it/4bj332txr6vg1.png?width=680&format=png&auto=webp&s=6ccfa9d68823ad6872287805e264edb535cc3672)
# Staker Revenue
SOL’s nominal staking yield declined to approximately 5.8% by the end of Q1 2026, primarily due to a lower inflation rate. As a reminder, SOL follows a fixed emission schedule: inflation was initially set at 8% and declines by 15% annually until reaching a terminal rate of 1.5% around 2030. By the end of Q1 2026, SOL’s annualized inflation rate had fallen to 3.93%.
[Solana Staking Yields. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/q4356cd1s6vg1.png?width=680&format=png&auto=webp&s=41f1f52ddbc6a46e767230f4037d4fd9574fa8c6)
In total, Solana stakers earned $630M in revenue in Q1 2026, down from $1.03B in the prior quarter and $1.55B in Q1 2025. This figure only captures staking revenue from SOL issuance and Jito tip yield, with SOL issuance accounting for 97.5% of total staking revenue in Q1 2026.
[Solana Staker Revenue. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/0khrzsw2s6vg1.png?width=680&format=png&auto=webp&s=333774b56d1f604e6b03b9005cd258b23a317c7d)
As seen in the chart below, SOL token holders’ net margin has declined over four consecutive quarters, hitting a new all-time low of 25.5% in Q1 2026. Meanwhile, validators’ commissions now make up 73.2% of total REV, up from 33.3% in Q1 2025.
[Solana REV Distribution. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/5fllorv5s6vg1.png?width=680&format=png&auto=webp&s=b4c4e4701b871e59b57173dfe95bf916a7c9759a)
The reason that token holder’s net margin has declined is because priority fee revenue is excluded from staking revenue estimates since it is not natively trackable at the protocol level. Solana still lacks a standardized in-protocol mechanism for validators to pass priority fees through to stakers, even though many large validators already do so via third-party infrastructure. For example, Helius and Jupiter use Sanctum for their LSTs, hSOL and JupSOL, with distribution automated through Sanctum.
Historically, there was no native framework for sharing priority fees because 50% of those fees were burned, with only the remaining 50% paid to the block producer. That changed with SIMD-96, implemented in February 2025, which eliminated the priority fee burn and directed 100% of priority fees to the block producer. Base fees, by contrast, are still 50% burned. The broader objective of SIMD-96 was to reduce reliance on out-of-protocol payment arrangements for transaction inclusion, which had introduced additional complexity for application developers and market makers.
This is set to change with SIMD-123, one of Solana’s key expected upgrades in 2026. Once activated, it will introduce a standardized in-protocol mechanism for validators to share priority fees with stakers.
# Application Revenue
Application revenue serves as an indicator of success for businesses within an ecosystem. While REV is an important metric to track, the true metric of an ecosystem’s product market fit is the revenue generated by user-focused applications.
Solana apps generated $292M in revenue in Q1 2026, down 5.8% QoQ, in line with a broader market drop in activity. Of note, the list of applications we track is not exhaustive, so total app revenue may be slightly underestimated, though only marginally.
[Solana Application Revenue. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/0jz2vkz7s6vg1.png?width=680&format=png&auto=webp&s=9e0d1ddf44a201f0fd7205361acb4a573fff2597)
The leading apps by revenue in Q1 were Pumpfun ($123M, 42%), Axiom ($58M, 20%) Phantom ($33M, 11%) and Jupiter ($14M, 5%).
# Institutional Flows
# Exchange-Traded Products (ETPs)
Despite the market downturn, SOL continued to see strong institutional demand in Q1 2026, with ETPs across North America, Europe, and APAC recording $208M in net inflows. Over the same period, ETH spot ETPs saw $198M in net outflows, while BTC ETPs attracted $1.53B in net inflows. Although BTC led in absolute terms, on a market cap-adjusted basis, SOL attracted roughly 4x more inflows per dollar of market cap.
[Solana ETP Flows. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/u1o8ueu9s6vg1.png?width=680&format=png&auto=webp&s=327a30627256c9d6831cdeb2e09e01bc25a731b9)
# Digital Asset Treasury Companies (DATCOs)
SOL DATCO holdings remained virtually unchanged throughout Q1 2026, constrained by limited secondary liquidity and persistent mNAV discounts. Holdings totaled 15.98M SOL by the end of Q1– effectively flat for a sixth consecutive month.
# Sector Analysis
Solana is increasingly solidifying its role as the primary onchain venue for spot trading. In Q1 2026, the network demonstrated that its infrastructure, tooling, and liquidity are sufficient to enable permissionless trading of virtually any asset – moving closer to the vision of an “everything exchange.” However, trading is not the entirety of the story. The ecosystem continues to show depth across lending, RWAs, consumer applications, and stablecoin infrastructure, highlighting Solana’s evolution into a broader financial and application layer.
# Spot Trading
Solana DEX spot volumes amounted to $284.5B in Q1 2026, down about 18% from the prior quarter and about 50% year-over-year decline from Q1 2025's $566.3B.
[Solana Spot Volume by Pair Category. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/flk0f7ybs6vg1.png?width=680&format=png&auto=webp&s=5a797aff00363f2b1ac9cd51658f6e47541759fa)
The year-over-year decline reflects normalization from memecoin-driven peaks and broader market conditions, rather than competitive displacement. In Q1 2026, Solana remained the leading chain for spot trading volume, capturing 41% market share and surpassing Ethereum and its L2s combined.
[Solana Spot DEX Volumes vs Other Chains. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/pykgjbtds6vg1.png?width=680&format=png&auto=webp&s=85f6d8a9dd343fff6e3c0fde7bf98a3e7f6442d2)
Regarding Solana DEX volume composition, the SOL-USD pair remained the largest category, though its share declined from 69.2% in Q4 2025 to 59.6% in Q1 2026. Stablecoin swaps ranked second and more than doubled QoQ, rising from 6.6% to 17.1% of total DEX volume.
[Solana Spot Volumes by Pair Category. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/yfvfuwzfs6vg1.png?width=680&format=png&auto=webp&s=eb6449d9849148ea69e1e8e82a9509b7f24c5c41)
DEXs on Solana remains a prop AMM story. Prop AMMs are spot exchanges with actively managed liquidity via oracle updates. Each prop AMM is operated by an individual market maker (no external LPs), who uses highly optimized transactions to update the oracle price, enabling quotes to be adjusted multiple times per second. With over ten prop AMMs live on Solana, their share of spot DEX volume has grown from 27% in Q1 2025 to 62% in Q1 2026, marking a new all-time high.
[Solana Spot Volume by Exchange Type. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/pztiiemhs6vg1.png?width=680&format=png&auto=webp&s=aded6c169dfe3b85c3385b99f1d9bce2adb150bf)
# Tokenized Assets
Beyond the SOL-USD pair and stablecoin swaps, tokenized assets were the highlight of Solana’s trading landscape in Q1. Solana DEXs processed $1.3B in tokenized asset volume in Q1 2026, up 164% QoQ and a new all-time high.
[Solana Tokenized Asset Spot Volumes. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/ajq4g3gjs6vg1.png?width=680&format=png&auto=webp&s=ed539a8ff81c5f9d047cf61b4a6b62d5729b3796)
At the issuer level, xStocks accounted for the largest share of tokenized asset volume in Q1 2026 at 41.5%. xStocks offer permissionless access to tokenized public equities through a Swiss tracker certificate structure. PreStocks ranked second with 35.8% of volume and highlighted a use case more uniquely enabled by tokenization: trading pre-IPO companies.
# Lending
As of the end of Q1 2026, total deposits and outstanding loans across Solana’s two largest money markets, Kamino and Jup Lend, stood at $4.39B and $1.72B, respectively. Deposits declined 14.4% QoQ, while loans fell 6.8%, reflecting weaker demand for leverage across crypto markets.
[Solana Lending. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/9010755ls6vg1.png?width=680&format=png&auto=webp&s=41d742ed8855ba12b57cb59d3cdc07804c724985)
Despite this softer backdrop, RWAs emerged as a key area of growth within Solana lending, led by Kamino. Markets such as Figure’s PRIME (yield backed by HELOC lending) and OnRe (yield from reinsurance) introduced yield streams uncorrelated with crypto market conditions, reducing reliance on purely crypto-native activity.
Driven by this expansion, Solana surpassed Ethereum in RWA lending deposits during the quarter, becoming the leading chain in this vertical. Solana ended Q1 2026 with $1.23B in RWA lending deposits, up 115% QoQ and above Ethereum’s $1.13B.
[RWA Lending Deposits by Chain. Source: https:\/\/app.blockworksresearch.com\/analytics\/lending](https://preview.redd.it/kiag9noms6vg1.png?width=680&format=png&auto=webp&s=c284cb78059f3e6b74f7a75efd2e8050ecf01754)
# Consumer
The trends across trading and lending suggest Solana’s DeFi ecosystem is maturing, with increasingly sophisticated participants and RWAs emerging as a key theme across both verticals. At the same time, consumer finance and consumer applications remain important drivers of growth, supported by one of the deepest and most active retail user bases in crypto.
Token Launchpads
Token launchpads remain highly tied to market conditions, but they have clearly achieved product-market fit among retail users. Since the rise of Pumpfun in Q2 2024, bonding curve activity across Solana launchpads has generated more than $1B in cumulative revenue.
In Q1 2026, launchpad revenue on Solana reached $95.2M, up from $84.3M in the prior quarter, with Pumpfun accounting for 86% of the total.
[Solana Launchpad Revenue. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/49ph733ps6vg1.png?width=680&format=png&auto=webp&s=7d1292bb51458951921512dffc47f06b770fcfdb)

Roughly 2.8M tokens were created in Q1 2026, representing a 63% QoQ increase. Pumpfun dominated activity, accounting for over 90% of total token creation.
[Solana Launchpad Tokens Created. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/033msfrqs6vg1.png?width=680&format=png&auto=webp&s=f7ac6e6fd4a250f20c04c82e3fd7dc2649f4b49e)
Seeker
Seeker, Solana Mobile’s second device, is an ambitious push into consumer hardware aimed at creating a crypto-native distribution channel for mobile-first applications.
Seeker phone sales generated $1.3M in revenue in Q1 2026, the majority of which was paid in SKR. Following a slowdown in Q4 2025, when phone sales generated just $166K in revenue, quarterly sales rebounded above $1M.
Seeker developer activity also accelerated meaningfully during the quarter. Developer count rose 116% QoQ to 443, a new all-time high, while the number of dApps increased from 308 to 784, implying 476 new launches in Q1 2026 alone. As the ecosystem has scaled, Seeker users have also begun contributing more meaningfully to network activity, accounting for 2% of total Solana spot DEX volume and 0.3% of stablecoin transfer volume.
[Seeker dApps Launched Over Time. Source: https:\/\/app.blockworksresearch.com\/analytics\/seeker](https://preview.redd.it/fs1flcfss6vg1.png?width=680&format=png&auto=webp&s=7b90db743ca79e116eaf343e72ac5180158ca88d)
# Stablecoins
The circulating supply of stablecoins on Solana remained flat QoQ at just under $16B. Circle’s USDC represented 55% of stablecoin supply on Solana, followed by Tether’s USDT (22%), and Paxos’ USDG (6%).
[Solana Stablecoin Total Supply. Source: https:\/\/app.blockworksresearch.com\/analytics\/solana](https://preview.redd.it/yswd3dwts6vg1.png?width=680&format=png&auto=webp&s=1d9846ea822230cb1d8b03ea1a03e3432e9fbb8a)
Solana stablecoin transfer volume reached $2.1T in Q1 2026, representing roughly 60% growth on both a QoQ and YoY basis. Notably, this figure excludes flash loan activity and other forms of inorganic volume.
# Network Analysis
Throughout Q1 2026, Solana continued to prove itself as the most performant general-purpose chain in production on various metrics.
# Transaction Count and TPS
Solana processed 10.1B non-vote transactions in Q1 2026, a new all-time high reading, surpassing the previous all-time high count of 8.9B in Q2 2025 by more than 1B transactions. Of the 10.1B transactions, 74.4% were successful and 25.6% were reverted.
\[IMG\]
**Solana Non-Vote Transaction Count. Source:**
[https://app.blockworksresearch.com/analytics/solana](https://app.blockworksresearch.com/analytics/solana)

Reverted transactions are most often associated with automated strategies such as arbitrage bots. As such, they are often a feature, rather than a bug, where slippage conditions may have worsened or fallen outside set limits, resulting in reverted transactions.
Non-vote transactions per second (TPS) also reached all-time highs in Q1 2026 at around 1.3K TPS. Looking ahead, Solana’s block limit could rise to 100M CUs in the coming months, increasing network capacity and supporting higher sustained TPS.
\[IMG\]
Solana Non-Vote TPS. Source:
[https://app.blockworksresearch.com/analytics/solana](https://app.blockworksresearch.com/analytics/solana)

**Median Transaction Fees**
While absolute transaction count and TPS metrics are at all time highs, Solana has consistently maintained median transaction fees several orders of magnitudes lower than the most expensive chains. Throughout Q1 2026, median Solana transaction fees have hovered around a twentieth of a cent (\~$0.0005), making it the cheapest network on average. Note that we are filtering for chains that do over $10K in daily fees.
\[IMG\]
Solana Median Transaction Fees. Source:
[https://app.blockworksresearch.com/analytics/solana](https://app.blockworksresearch.com/analytics/solana)

**Stress Tests and Fee Stability**
Q1 featured two notable stress tests that showcased Solana's improved resilience under high-volatility conditions. The January 31 event, triggered by a large drawdown, saw median fees hold at approximately $0.00065 with a peak of $0.00085 (+32%), while TPS peaked at 4,366. By contrast, Ethereum fees spiked to $8.67 (+500x) and Base fees rose to $0.61 (+100x) during the same event.
\[IMG\]
Solana Median Fees (Jan 31st 2026). Source:
[https://solanalightspeed.com/reports/under-load-solana-outperforms](https://solanalightspeed.com/reports/under-load-solana-outperforms)
The February 5 event was even more significant. Over $2 billion in liquidations occurred following a large drawdown, with SOL trading down 15% on the day. Through this volatility, Solana fees remained remarkably stable, even during blowout scenarios.
\[IMG\]
Solana Median Fees (Feb 5th 2026). Source:
[https://solanalightspeed.com/reports/under-load-solana-outperforms](https://solanalightspeed.com/reports/under-load-solana-outperforms)

Performance during periods of extreme market volatility matters because it’s when reliability is most valuable to traders, market makers, and applications. These are the moments when users rush to buy the dip, top up collateral on levered positions, manage risk, and execute liquidations, often under tight time constraints.
If a chain degrades under load, execution becomes uncertain and costs become unpredictable, undermining market quality. By contrast, networks that remain consistently reliable through stress are structurally better suited for financial activity.
In this regard, Solana also delivered the highest sustained throughput during the event, with median TPS consistently an order of magnitude above all EVM chains and peaking at 3,635.
\[IMG\]
Solana TPS (Feb 5th 2026). Source:
[https://solanalightspeed.com/reports/under-load-solana-outperforms](https://solanalightspeed.com/reports/under-load-solana-outperforms)

Product & Ecosystem Updates
On the product side, Solana core developers remain focused on increasing bandwidth through higher block limits, reducing latency via shorter slot times, and improving market microstructure. The efforts on the microstructure side aim to expand the design space for applications that require more granular control over sequencing – such as prioritizing cancels on perpetual exchanges – while helping mitigate negative externalities like frontrunning.
# Halving Slot Times
Anza's Brennan Watt kicked off exploratory discussions around reducing Solana slot times as part of the network's broader "IBRL" push, with an initial placeholder value of 200ms per block. Halving block times from the current \~400ms target would materially reduce network latency and constrain late packing behavior by validators prior to MCP implementation.
The biggest near-term blocker is economic rather than purely technical. Halving slot times would double the vote rate, which other things equal doubles voting fees. Voting is already the dominant recurring cost for many Solana validators, compounding to roughly \~32 SOL/month. Halving slot times would push that to \~64 SOL/month.
# Constellation: Multiple Concurrent Proposers (MCP)
On March 25, Anza introduced Constellation, an MCP protocol proposal for implementation into the Agave client. MCP aims to constrain the single leader's monopoly over transaction inclusion, which introduces negative externalities such as late packing or censoring of transactions.
In practice, MCP addresses censorship of transactions, as well as execution quality for market makers. As the Solana trading landscape continues to mature, ensuring that market makers are able to quote without worrying about transaction inclusion is paramount. In the meantime, JitoBAM is trying to address this gap by enabling developers to gain more granular control over transactions sequencing and inclusion. During Q1 2026, JitoBAM saw a 155% increase in stake, representing 28% of stake as of quarter end.
# Solana Developer Platform
The March 24 Solana Developer Platform (SDP) launch – featuring Mastercard, Western Union, Worldpay, Worldcoin, and Alibaba Cloud – represents the most significant enterprise partnership suite in Solana's history. While SDP is pre-operational as of quarter-end, the partnership constellation signals Fortune 500 validation of Solana as a candidate settlement layer.
# Closing Summary & Outlook
Solana exits Q1 2026 with its core positioning increasingly validated across both market structure and network fundamentals. The network remains the leading venue for onchain spot trading, capturing 41% market share and demonstrating the viability of the “everything exchange” thesis, with growing activity across tokenized assets and stablecoin pairs. At the same time, institutional participation continues to deepen, supported by sustained ETP inflows and increased regulatory clarity.
The ecosystem is also showing increasing breadth and resilience across other sectors. RWAs have emerged as a key growth driver within lending, with Solana surpassing Ethereum in RWA deposits, while tokenized asset volumes reached new highs driven by equities and pre-IPO exposure. Consumer activity remains a structural strength, with strong engagement across launchpads and mobile distribution, reinforcing Solana’s position as one of the most active retail ecosystems in crypto.
At the network level, performance remains a clear differentiator. Solana achieved new all-time highs in transaction count and throughput while maintaining consistently low and stable fees, even during periods of elevated market volatility. These characteristics continue to support its role as the primary execution layer for high-frequency and latency-sensitive applications.
Looking ahead, improvements in bandwidth, latency, and sequencing design, alongside developments in infrastructure and validator-level upgrades, are expected to further expand Solana’s application design space. As these changes are implemented, Solana is well positioned to strengthen its lead in spot trading while closing the gap in adjacent verticals.
Full report available [here](https://blockworks.com/quarterly-reports) for download.
All data from this report was powered by the Blockworks Solana [dashboard](https://app.blockworksresearch.com/analytics/solana).

Why? Blue chip altcoins usually outperform btc after it moves. XRP and SOL have both outperformed it as of recently. Look it up. Also… After the next bull run… What’s realistic? Which coin is more likely to have even just a 3X or more? Bitcoin? That might be the maximum it’ll get. I think other coins will definitely outperform it when all is said and done. And many will fail.

I've been working on something different. It's called the Solana Riddle, a puzzle where you decode 3 clues with a list of words to figure out a mnemonic phrase that unlocks a real Solana wallet.
The prize pool grows with every entry. 50% of every payment goes straight into the prize wallet, so the more people play, the bigger the reward. You can watch it grow in real time on Solscan or on the website.
https://preview.redd.it/m6x1owg1b6vg1.jpg?width=1178&format=pjpg&auto=webp&s=b6a92ef7e0536dd378a35a3c4b3cafc9dd076854
# How it works
→ Connect your Solana wallet
→ Pay 0.9-1.0 SOL\* to enter
→ Get 3 clues + a list of words
→ Piece together the seed phrase and the prize wallet is yours
\* Referrals get you 10% off entry and 20% rewards.
https://preview.redd.it/ioi32185b6vg1.jpg?width=1179&format=pjpg&auto=webp&s=798de71618ebf5c749501d2a6bf7362c84ef57a1
# Referral program
Invite others to join the hunt and grow the prize pool. When someone enters using your referral link, they get a 10% discount and you receive 20% of their entry fee. It's very lucrative so it might change in the future, but for now the rewards are set at 20%.
https://preview.redd.it/f411gsz5b6vg1.jpg?width=1178&format=pjpg&auto=webp&s=e18b4377931799f4ff39b9f4ffdc5ad2a03d5a06
# Launch date
The riddle goes live this Thursday at:
→ 10am Pacific
→ 1pm Eastern
→ 6pm UK
→ 7pm EU
The referral program is already live. You can enter and claim your referral link today.
# Links
→ [Website](https://solanariddle.com/)
→ [Prize wallet on Solscan](https://solscan.io/account/AnCazoyThVcWmvGmpr4t42632PwW5ygJXu1jHeQdg5fs)
→ [My X profile where I post updates](https://x.com/FreestyleW3)
[Video recorded on testnet for demo purposes only](https://reddit.com/link/1slbuvw/video/890i7veab6vg1/player)
At time of writing, the prize pool is sitting at 5.00 SOL. Happy to answer any questions!

Hat noch jemand aktuell massive Probleme mit Trade Republic? Seit dem 23.01. sind meine 3 SOL blockiert (Anzeige 0.00 verfügbar). Support verspricht schriftlich manuellen Verkauf, ignoriert dann aber jede Frist. Nachdem ich die Steuerdaten (Buy-In) selbst nachgetragen habe, gibt es keine Ausrede mehr. Das Beste: TR hat der BaFin gegenüber frech behauptet, der Fall sei gelöst. Habe heute eine Frist gesetzt und Trustpilot aktiviert – bisher Funkstille. Unfassbar, wie hier mit Kundeneigentum umgegangen wird.

Living life on easy mode with my 3 agents
Wishing everyone a good day
My current earn rate is 0.202 SOL per day

You still most he holding a bunch of these jpegs prayin it comes back. Brother I hate the tell you this but SOL has moved on from its own scheme 😭 but you never know. Might be able to cut your losses eventually. Hope everyone makes the monies 😌 we are all broke at the end of the day lol