Solana Q1 Performance Defies Market Slump With Record Transactions and Rising App Revenue

TLDR: Solana recorded 112.6M average daily non-vote transactions in Q1, marking a new all-time high for the network. Launchpad platforms generated $144M, making up 42% of total Solana app revenue in the first quarter of 2025. Solana’s RWA market cap grew 43% QoQ to $2.01B, with BlackRock’s BUIDL fund doubling to $525.4M in Q1. Solana [...]

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