Solana has set a new milestone by recording $1.1 trillion in total economic activity during the first quarter of 2026. This development marks the first time the network has crossed the $1 trillion threshold within a single quarter, based on data from Artemis.
Solana sees record on-chain growth
The Artemis report shows that the total value of transactions and economic interactions on Solana in Q1 2026 rose by 6,558.6% compared to the previous quarter. This surge represents the largest quarterly increase ever for the blockchain.
Solana is a public blockchain platform initially designed to support high-speed and low-cost decentralized applications. Since its launch in 2020, the network has become a mainstay for DeFi projects, NFT marketplaces, and various other decentralized protocols.
The quarterly total encompasses all transactions processed across the chain, including regular transfers, DeFi interactions, and other types of on-chain activity. The sharp increase indicates a significant acceleration in both network engagement and user participation.
The record-setting figure highlights a recovery in Solana’s network use after periods of volatility throughout 2024 and much of 2025. Increased confidence and renewed development activity have contributed to this reversal in momentum.
Artemis, a firm specializing in blockchain analytics and on-chain data, provided the underlying metrics for this report. The company offers comprehensive dashboards tracking usage, value flows, and ecosystem trends across leading blockchain networks.
Quarterly transaction value hits new peak
Analysis of the Artemis dataset confirms that this is the highest quarterly transaction value ever recorded on Solana. The report attributes the surge in activity to wide-scale increases in both user transactions and DeFi protocol engagement.
Network throughput rose sharply in late 2025, setting the stage for the exceptional results seen in early 2026. This uptick coincided with higher staking rates, an expanding pool of active participants, and broader adoption of decentralized applications built on Solana.
Observers note that greater participation in staking and liquidity pools, alongside a rebound in overall market sentiment, drove much of the renewed activity. Fee structures and network improvements implemented in late 2025 may also have contributed to a more robust environment for economic interactions.
Artemis directly stated the impact of the data in its disclosure:
Solana economic activity totaled $1.1 trillion in Q1 2026, crossing the trillion-dollar mark for the first time and reflecting a 6,558.6% quarter-over-quarter increase.
The achievement puts Solana at the forefront of trending blockchain metrics as 2026 begins, reinforcing the protocol’s standing among the market’s leading smart contract networks.
