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Blockworks Research Q1 2026 report shows @solana extending its lead as the dominant onchain trading and high-performance settlement layer, while expanding strongly into RWAs, consumer apps, and institutional rails. Key highlights: - Solana led all chains with 41% share of onchain spot trading volume - SOL ETPs saw $208M net inflows despite market weakness - RWA lending deposits hit $1.23B (+115% QoQ), surpassing Ethereum - Tokenized assets reached $1.3B (+164% QoQ) ATH - 10.1B non-vote transactions and ~1.3K TPS at peak scale - REV held at $89.8M, with Solana at 29% network revenue share - Application revenue $292M, led by Pumpfun ($123M) - Stablecoin transfers hit $2.1T (+60% QoQ) Overall, the report frames Solana as evolving into a high-throughput “everything exchange” with strong traction in RWAs and consumer apps, while maintaining ultra-low fees and resilience under stress.

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