--- title: "Solana Statistics 2026: TPS, Validators, TVL and DEX Volume" date: 2025-06-21 author: "Barry Elad" featured_image: "https://coinlaw.io/wp-content/uploads/2025/04/featured-solana-statistics.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "Statistics" url: "/tag/statistics.md" --- # Solana Statistics 2026: TPS, Validators, TVL and DEX Volume Solana processed approximately $650 billion in stablecoin transaction volume (adjusted) during February 2026, the highest monthly figure recorded by any [blockchain](https://coinlaw.io/blockchain-statistics/) that month, even though the network sat in third place by absolute stablecoin supply. In Q1 2026, the network handled roughly 10.1 billion transactions, the highest quarterly figure in Solana’s history, while earning around $89.5 million in network-level fee revenue. ## Key Takeaways - Solana’s real-time throughput averaged **1,899 transactions per second** in late June 2026, against a theoretical maximum of **65,000 TPS** (Chainspect). - The network ran on **906 active validators**, down roughly **33%** during 2025 from a 2023 peak of approximately **2,560** validators (SolanaFloor). - DeFi total value locked sat at roughly **$5.49 billion** on April 27, 2026, down about **56%** from the August 2025 peak above **$11.5 billion** (DefiLlama). - January 2026 DEX volume reached **$117.7 billion**, a **20%** month-over-month increase that gave Solana the top spot across all blockchains (Phemex News). - Q1 2026 closed with roughly **2.4 million** daily active addresses on average and a Chain GDP of **$342.2 million** (Messari). - More than **26%** of Solana validators were running the Firedancer or Frankendancer client by May 2026, less than six months after the December 12, 2025 mainnet launch. ## Editor’s Choice - Solana’s maximum recorded TPS over a 100-block window stood at **6,284 tx/s**, with a block time of **404 ms** and time-to-finality near **12.8 seconds** as measured by Chainspect. - The network was distributed across **4,514 nodes** at epoch 685, including **1,414 validators** and **3,100 RPCs**, according to Helius. - Solana’s Nakamoto Coefficient was frequently cited as **19**, with no single validator controlling more than **3.2%** of total stake. - Kamino Lend stood as the largest single Solana DeFi protocol by TVL at **$1.48 billion** on April 27, 2026, per DefiLlama. - Solana’s SOL-denominated TVL crossed **80 million SOL**, reaching an all-time high (Solana Foundation), even as DefiLlama recorded dollar-denominated TVL down roughly **56%** from the August 2025 peak above **$11.5 billion**. - [USDT](https://coinlaw.io/tether-statistics/) supply on Solana grew **9.01%** over 30 days to reach **$2.66 billion** as of June 25, 2026, representing **1.43%** of the **$186.33 billion** global USDT float. - BlackRock’s BUIDL fund crossed **$550 million** in assets on Solana, and Solana spot ETFs together attracted more than **$900 million** in cumulative inflows since launch. ## Solana Network Performance and TPS - Chainspect’s telemetry showed Solana running at **1,899 transactions per second** on its rolling one-hour window, with a maximum over the prior 100 blocks of **6,284 tx/s** and a theoretical ceiling of **65,000 tx/s**. - The same dataset listed Solana’s block time at **404 ms** and time-to-finality at **12.8 seconds**, against a network launch date of March 16, 2020. - The roughly 34x gap between real-world and theoretical throughput represents what the protocol’s clock can sequence under optimized conditions, not what current validator hardware processes. | Metric | Value | Window | |---|---|---| | Real-time TPS | 1,899 | 1-hour rolling | | Max recorded TPS | 6,284 | 100 blocks | | Theoretical max TPS | 65,000 | Protocol ceiling | | Block time | 404 ms | 1-hour rolling | | Time to finality | 12.8 s | Network average | *Source: Chainspect, late June 2026* Across the full first quarter of 2026, Solana processed roughly **10.1 billion transactions**, the highest quarterly figure in the network’s history. Read against a 90-day window, that quarterly figure implies a sustained average throughput close to the live readings above. The headline real-time TPS is not a peak; it is the floor. ## Solana Validator Count and Decentralization Continent by Share of stake VALIDATOR COUNT · Validator count · Source: Helius, "Measuring Solana’s Decentralization: Facts and Figures," April 2026 VALIDATOR COUNT · COINLAW ANALYSIS Continent by Share of stake Validator count Helius · 2026 45% EUROPE Europe 45% North America 39% Other regions 16% SOURCE Helius, "Measuring Solana’s Decentralization: Facts and Figures," April 2026 - Solana’s validator set was distributed across **4,514 nodes** at epoch 685, of which **1,414** were voting validators, and **3,100** were RPC nodes, per Helius. - No single validator controlled more than **3.2%** of total stake, and the Nakamoto Coefficient was frequently cited as **19**. - The validator set spanned **37 countries and territories**, with **50.5%** of stake delegated to validators operating inside the European Union. - At the same time, SolanaFloor’s tracking showed the active validator count had dropped from approximately **2,560** in early 2023 to **906**, a **33%** decline during 2025 alone, while the superminority count fell from **34** validators in 2023 to **20**. > **Why it matters:** Helius reports **50.5%** of Solana’s stake operates inside the European Union, a stake-jurisdiction concentration most Solana coverage glosses over. Under the EU’s MiCA framework and forthcoming Digital Operational Resilience Act provisions, that share matters for any institutional allocator running a concentration test against single-regulator exposure. ## Recent Developments - **June 25, 2026:** USDT supply on Solana reached **$2.66 billion**, up **9.01%** over the prior 30 days from **$2.44 billion** on May 26, 2026. - **May 2026:** More than **26%** of Solana validators were running either the full Firedancer client or the Frankendancer hybrid, just over five months after Jump Crypto’s mainnet launch. - **Mid-May 2026:** Solana’s dollar-denominated TVL sat near **$5.5 billion**, representing approximately **6.76%** of global DeFi TVL per DefiLlama. - **April 27, 2026:** DefiLlama recorded Solana DeFi TVL at roughly **$5.49 billion**, with Kamino Lend leading at **$1.48 billion**. - **Q1 2026 close:** Stablecoins on Solana ended the quarter at approximately **$14.85 billion**, ranking third among all networks by stablecoin capitalization (Messari). - **December 12, 2025:** Jump Crypto announced the full Firedancer mainnet launch at Solana Breakpoint in Abu Dhabi after three years of development. ## Solana DeFi TVL and Largest Protocols Period by Solana DeFi TVL ($) SOLANA DEFI TVL ($) · Solana DeFi TVL ($) · Source: DefiLlama Solana chain page, 2026 SOLANA DEFI TVL ($) · COINLAW ANALYSIS Period by Solana DeFi TVL ($) Solana DeFi TVL ($) DefiLlama Solana · 2026 15B 11.2B 7.5B 3.8B 0 $11.5B August 2025 peak $5.49B April 27, 2026 $5.50B Mid-May 2026 SOURCE DefiLlama Solana chain page, 2026 - Solana DeFi total value locked sat at roughly **$5.49 billion** on April 27, 2026, per DefiLlama, down approximately **56%** from the August 2025 peak above **$11.5 billion**. - Kamino Lend was the largest single Solana DeFi protocol by TVL at **$1.48 billion** on the same date. - DefiLlama’s chain TVL excludes centralized exchange wallet balances on Solana but includes lending, liquid staking, decentralized exchanges, derivatives, and real-world-asset tokenization protocols. - Native commitment held even as DefiLlama recorded dollar TVL falling roughly **56%** from the August 2025 peak: SOL-denominated TVL crossed **80 million SOL**, an all-time high per the Solana Foundation’s February ecosystem report. The split between SOL-denominated and dollar-denominated TVL is the cleanest read on whether DeFi participants are exiting or simply riding a token price drawdown. Native units up, dollar units down means stakers stayed; they just watched the unit of account compress around them. Compared against [Ethereum](https://coinlaw.io/ethereum-gas-fees-statistics/), where dollar TVL still anchors most institutional dashboards, Solana’s split-unit framing matters more. ## DEX Volume and On-Chain Trading | Period | DEX volume ($) | Share of all-chain on-chain volume | |---|---|---| | January 2026 | $117.7 billion | 35% | | Q1 2026 total | $284.5 billion | n/a | *Source: Phemex News and Solana Foundation, January-March 2026* - Solana’s decentralized exchange trading volume reached approximately **$117.7 billion** in January 2026, marking a **20%** increase from the previous month. - Solana’s January 2026 trading activity accounted for about **35%** of total on-chain trading volume across all networks, placing it at the top among all blockchains in [DEX](https://coinlaw.io/decentralized-exchanges-dex-statistics/) trading volume. - Solana Foundation’s February ecosystem report noted that Solana led all chains in DEX volume during the month. - Always cross-reference DefiLlama’s chain DEX page against monthly Solana Foundation reporting; methodology between aggregator series and primary AMM flow can differ. ## Stablecoin Supply and Transaction Volume on Solana Chain by Stablecoin supply (Feb 2026) STABLECOIN SUPPLY (FEB 2026) · Stablecoin supply (Feb 2026) (USD) · Source: Everstake research compiled from DefiLlama, February 2026 STABLECOIN SUPPLY (FEB 2026) · COINLAW ANALYSIS Chain by Stablecoin supply (Feb 2026) Stablecoin supply (Feb 2026) (USD) Everstake · 2026 Ethereum $158B TRON $85B Solana $15B BSC $13B 0 40B 80B 120B 160B 200B SOURCE Everstake research compiled from DefiLlama, February 2026 - Solana processed approximately **$650 billion** in stablecoin transaction volume (adjusted) during February 2026, described by Everstake as the highest monthly figure recorded by any blockchain that month. - At the same time, Solana held an estimated **$15 billion to $16 billion** in total stablecoin supply, against Ethereum at more than **$158 billion**, [TRON](https://coinlaw.io/tron-statistics/) at more than **$85 billion** and BSC at more than **$13 billion**. - As of June 25, 2026, Solana’s total USD-pegged stablecoin base sat at **$14.75 billion**, with USDT alone at **$2.66 billion** after **over 30 days** of **9.01%** growth, representing **1.43%** of the **$186.33 billion** global USDT float. > **By the numbers:** Everstake’s adjusted volume series places Solana at **$650 billion** in February 2026 stablecoin transactions versus a **$15 billion** chain-level supply base. That ratio, settlement velocity roughly 43x supply per month, sits well above Ethereum’s settlement-velocity profile, which trades on a deeper supply base. Solana’s velocity-vs-supply skew is the clearest argument that the network has emerged as a payments-rail competitor rather than a settlement-store. The reading aligns with what we’ve tracked across [blockchains](https://coinlaw.io/blockchain-statistics/) in 2026: cheap blockspace and sub-second confirmations move stablecoins more often, even on smaller supply pools. ## Network Activity and Fee Revenue - Across Q1 2026, Solana processed roughly **10.1 billion transactions**, the highest quarterly figure in the network’s history. - Daily active addresses averaged approximately **2.4 million** per day across Q1 2026, according to Messari’s data. - Network-level fee revenue came in at around **$89.5 million** for the quarter, second only to Hyperliquid among all blockchain networks. - Messari’s State of Solana Q1 2026 report logged a historic Chain GDP of **$342.2 million** and recorded that RWA tokenization on the chain crossed the **$2 billion** milestone. - January 2026 set the quarter’s pace: active addresses more than doubled to over **5 million**, daily transaction volume increased from **52 million** to **87 million**, and transaction fees exceeded **$1.1 million**. | Q1 2026 metric | Value | Source | |---|---|---| | Transactions processed | 10.1 billion | Messari | | Daily active addresses (avg) | 2.4 million | Messari | | Network fee revenue | $89.5 million | Messari | | Chain GDP | $342.2 million | Messari | | Stablecoin supply at Q1 close | $14.85 billion | Messari | *Source: Messari State of Solana Q1 2026 report, April 2026* ## Institutional Adoption: ETFs, BUIDL and Treasury Holdings - Solana ETF cumulative inflows surpassed **$900 million** since their respective launches, with **12 or more consecutive days** of net inflows through February (Solana Foundation). - BlackRock’s BUIDL fund crossed **$550 million** in assets on Solana specifically. - [Goldman Sachs](https://coinlaw.io/goldman-sachs-statistics/) disclosed **$108 million** in SOL holdings during the same window. - Real-world-asset market cap on Solana hit **$1.71 billion** in late February, a **45%** increase over the prior 30-day period. Institutional vehicle by Value VALUE · Value (USD) · Source: Solana Foundation State of Solana, February 2026 VALUE · COINLAW ANALYSIS Institutional vehicle by Value Value (USD) Solana Foundation · 2026 BlackRock BUIDL on Solana $550M Goldman Sachs SOL holdings $108M RWA market cap on Solana $1.71B 0 400M 800M 1.2B 1.6B 2B SOURCE Solana Foundation State of Solana, February 2026 > **Key finding:** Solana Foundation: the combined institutional-rail signal, **$550 million** BUIDL allocation, **$108 million** Goldman Sachs SOL holdings, **$900 million** in ETF inflows and a **45%** RWA market cap surge, converged inside a single 30-day window in late February 2026. That is the most concentrated institutional onboarding the network has logged to date. ## Firedancer Client Diversification | Period | Agave-only stake | Firedancer/Frankendancer stake | |---|---|---| | December 2025 (pre-mainnet) | 100% | 0% | | May 2026 | <74% | 26%+ | *Source: TradingView News / Jump Crypto, May 2026* - Firedancer went live on Solana mainnet in December 2025 after three years of development by Jump Crypto, with the full mainnet launch announced on **December 12, 2025**, at Solana Breakpoint in Abu Dhabi. - By May 2026, more than **26%** of Solana validators were running either the full Firedancer client or the Frankendancer hybrid. Q2-Q3 2026 targets called for a **50% Firedancer stake**. - Firedancer demonstrated more than **1 million TPS** in controlled testing environments. Inside the engineering pool, Agave had **357 individual contributors** while Firedancer had **57 contributors**, per Helius. - The validator paradox of 2025-2026 is that node count fell ~33% while client diversity climbed from a single Agave dependency to a two-client posture. - Fewer nodes can still mean a more resilient network when the surviving nodes run different software, a lesson Ethereum learned during the 2022 Bellatrix-era client diversity push. ## Geographic Distribution of Stake and Hosting Top stake jurisdiction by Stake share STAKE SHARE · Stake share (%) · Source: Helius Solana decentralization analysis, April 2026 STAKE SHARE · COINLAW ANALYSIS Top stake jurisdiction by Stake share Stake share (%) Helius Solana · 2026 20 15 10 5 0 18.3% United States 13.7% Netherlands 13.7% United Kingdom 13.2% Germany SOURCE Helius Solana decentralization analysis, April 2026 - Helius reported that **632** validators (**46%** of the set) operated in Europe and **550** (**40%**) in North America, with the United States holding **18.3%** of stake, the Netherlands and the United Kingdom each at **13.7%**, and Germany at **13.2%**. - The European Union as a single regulatory bloc concentrated **50.5%** of network stake. - Across hosting providers, the validator set was dispersed across **135 different providers**, with Teraswitch (**24%**) and Latitude.sh (**19%**) accounting for **43.4%** of stake combined, followed by OVHcloud at **8.65%** and Cherry Servers at **8.45%**. > **Worth noting:** Helius’s hosting concentration data shows the top two providers (Teraswitch and Latitude.sh) carry **43.4%** of stake between them. For a network that markets decentralization at the validator-count level, the hosting-provider layer is the under-monitored single-point-of-failure surface. ## Solana vs Ethereum: Transaction Velocity Comparison | Metric | Solana | Ethereum | |---|---|---| | February 2026 stablecoin tx volume | $650 billion | smaller monthly figure (Everstake) | | Stablecoin supply (Feb 2026) | $15 billion | $158 billion | | Real-time TPS (June 2026) | 1,899 | far lower base-layer TPS | | Theoretical TPS | 65,000 | n/a (rollup-routed) | *Source: Everstake and Chainspect, February-June 2026* - Everstake’s February 2026 analysis placed Solana at the top of the chain rankings for stablecoin transaction volume in that month, with Ethereum, TRON and BSC ranked behind it despite Ethereum holding more than **$158 billion** in stablecoin supply against Solana’s roughly **$15 billion**. - Chainspect logged Solana’s real-time throughput at **1,899 tx/s** with a theoretical maximum of **65,000 tx/s**, while Firedancer demonstrated more than **1 million TPS** in controlled testing environments. ## How many validators does Solana have today? SolanaFloor’s tracking placed Solana’s active validator count at **906**, down from a peak of approximately **2,560** in early 2023, a **33%** drop during 2025 alone. The superminority, the smallest set of validators that together control more than one-third of stake, fell from 34 to 20 across the same window, signaling stake concentration even as the validator headcount shrank. The active-validator headcount is the most-cited [crypto exchange market data](https://coinlaw.io/crypto-exchange-statistics/) substitute when researchers want to gauge network resilience, though it lags the deeper hosting and client-diversity signals. ## What is Solana’s average TPS today? Chainspect’s readings showed Solana running at **1,899 transactions per second** on a one-hour rolling window, with a 100-block maximum of **6,284 tx/s** and a theoretical ceiling of **65,000 tx/s**. Real-world throughput sits roughly 34x below the theoretical maximum, leaving substantial headroom that the Firedancer client is designed to capture. ## How much TVL sits on Solana right now? DefiLlama recorded Solana DeFi TVL at roughly **$5.49 billion** on April 27, 2026, with the figure sitting near **$5.5 billion** in mid-May 2026 and accounting for approximately **6.76%** of global DeFi TVL. That stands roughly **56%** below the August 2025 peak above **$11.5 billion**, even as the SOL-denominated TVL hit an all-time high during the same window. The DeFi share sits alongside the broader [DeFi market data](https://coinlaw.io/decentralized-finance-market-statistics/) showing chain rotation toward higher-throughput layer ones during the same period. ## Conclusion Solana’s current numbers layer together: **1,899 real-time TPS** against a **65,000** ceiling, **906 validators**, **$5.49 billion** TVL, and **$650 billion** February stablecoin volume on a **$15 billion** supply base. The institutional rail is the trajectory to watch. BUIDL at **$550 million**, Goldman Sachs at **$108 million**, and **$900 million** in cumulative ETF inflows, alongside the **50.5%** EU stake concentration that MiCA may eventually test. Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining. [Read more](https://coinlaw.io/glossary/staking/) Definition of DeFi. Link to full glossary entry follows the description.**DeFi**Decentralized finance leverages blockchain protocols and [smart contracts](https://coinlaw.io/glossary/smart-contract/) to enable lending, trading, and borrowing without banks or traditional intermediaries. [Read more](https://coinlaw.io/glossary/defi/) Definition of Stablecoin. Link to full glossary entry follows the description.**Stablecoin**A stablecoin is a cryptocurrency tied to a reserve asset like the US dollar, designed to maintain a stable value for trading, payments, and transfers. [Read more](https://coinlaw.io/glossary/stablecoin/)