Report: Solana Activity Hits Record High Despite SOL’s 33% Q1 Drop

May 24, 2026 - 23:15
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. 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,...

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