Pump.enjoyable remained Solana’s largest income generator within the first quarter of 2026, pulling in $124.7 million, greater than a 3rd of the community’s $342.2 million in complete app income, regardless of cooling memecoin exercise.
The memecoin launchpad’s income rose 17% quarter over quarter, an indication that its core enterprise stays resilient, Messari stated in its Solana Q1 report.
Launchpads generated $144 million in Q1, roughly 42% of Solana’s complete app income. A standout throughout the sector was Baggage, whose quarterly income surged 1,347% to $11.5 million, fueled by a wave of AI-themed memecoins in January. The surge proved short-lived, with month-to-month income dropping 85% by February.
Solana income. Supply: Messari
Solana’s memecoin income is holding up even because the community more and more attracts a broader vary of customers, with main establishments like BlackRock, Visa and JPMorgan increasing their presence throughout its funds and tokenization ecosystem.
“Memecoins don’t outline Solana,” Lily Liu, president of the Solana Basis, stated in a latest interview.
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Buying and selling apps, RWAs develop on Solana
Buying and selling apps on Solana have been the quarter’s strongest-growing sector general, with income rising 40% to $79 million. Axiom led the pack at $42.4 million, making it the second-highest revenue-generating app on the community.
Elsewhere, Solana’s real-world asset market cap crossed $2 billion, up 43% within the quarter, led by BlackRock’s BUIDL doubling to $525 million after Anchorage Digital added custody help.
DeFi complete worth locked fell 22% to $6.16 billion, although Messari researchers attributed the decline largely to SOL’s 33% value drop reasonably than consumer exits. The community’s share of complete DeFi TVL remained roughly flat at 6.7%.
RWAs develop on Solana, fueled by institutional inflows. Supply: Messari
On the infrastructure aspect, the main focus is on Alpenglow, a sweeping consensus improve concentrating on the Agave 4.1 launch. If it ships as deliberate, the improve would lower Solana’s transaction finality from round 12.8 seconds to 150 milliseconds.
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Goldman Sachs exits Solana positions
As Cointelegraph reported, Goldman Sachs exited its Solana ETF positions in Q1 2026, dropping stakes in funds from Grayscale, Bitwise and Constancy.
Italy’s largest financial institution, Intesa Sanpaolo, additionally practically worn out its Solana place in Q1 2026, slashing its stake in Bitwise’s Solana ETF from 266,320 shares to simply 2,817, even because it greater than doubled its complete crypto holdings to $235 million by piling into Bitcoin ETFs from ARK 21Shares and BlackRock.
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