Solana Posts $342.2M GDP as RWA Sector Grows 43% to $2.01B in Q1

Solana recorded $342.2 million in Chain GDP during Q1 2026, according to crypto intelligence platform Messari, with PumpFun leading all applications on the network after generating $124.7 million in revenue.

At the same time, the network’s REV—covering vote, base, and priority transaction fees along with MEV tips paid to validators—declined slightly by 1% quarter-over-quarter to $89.5 million. Even with this decrease, Solana remained the second-largest blockchain by REV, ranking behind only Hyperliquid.

Beyond core network revenue metrics, activity in Solana’s real-world asset (RWA) ecosystem expanded sharply, with market capitalization rising 43% QoQ to $2.01 billion.

Looking forward, attention is turning to the upcoming Alpenglow upgrade, which is designed to improve network efficiency by reducing transaction finality from about 12.8 seconds to roughly 150 milliseconds.

Source: Messari