State of @solana Q1 Key Update: Solana's ecosystem shows resilience with DeFi growth and infrastructure upgrades, despite market volatility and mixed usage metrics. QoQ Metrics 📊 • Chain GDP ⬆️ 20% to $1.2B • Stablecoin market cap ⬆️ 145.2% to $12.5B • Average Daily DEX volume ⬆️ 40.8% to $4.6B The full quarter overview ⬇️
Need to catch up with everything @solana before Accelerate next week? Here is a recap from Q1: - Chain GDP grew 20% QoQ to $1.2B. Bringing the Application Revenue Capture Ratio (Chain GDP/REV) to 142.8%. - Stablecoin market cap grew 145.2% QoQ to $12.5B, led by USDC's growth of 148.4% to $9.7B. - Avg daily DEX volume (USD) grew 40.8% QoQ to $4.6B. Fueled by the TRUMP launch when the network handled $36B in volume on Jan. 18 - greater than 10% of Nasdaq's daily volume. - @Securitize launched @BlackRock's BUIDL and @apolloglobal's ACRED on Solana. - @FTDA_US launched BENJI on Solana. - @SolanaInstitute was announced with key hires to focus on educating policymakers. - @Polymarket and @Kalshi both announced Solana support for deposits. Read the full report below for an in-depth analysis on Q1 and excited for @SolanaConf
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