Solana crosses $1 trillion in quarterly economic activity for the first time

The Solana (SOL) network has recorded a sharp breakout in its quarterly Total Economic Activity (TEA), reaching a new all-time high in the first quarter of 2026.

The Solana network’s TEA spiked to $1.1 trillion for the first time in Q1 2026, according to data from Artemis analyzed by Finbold on April 14. As a result, Solana’s TEA grew by 28.76% Quarter over Quarter (QoQ) and more than 6,558% since the second quarter of 2023.

After spending all of 2025 below $900 billion, Solana’s quarterly total economic activity surged by 30.77% year-over-year. This surge reflected the strong institutional and retail conviction in the first quarter, even as SOL’s price capitulated year-to-date (YTD).

Why did TEA on Solana break out in Q1 2026?

The main reason the Solana network experienced a spike in total economic activity during the first three months of 2026 was the rising number of daily users. As Finbold previously reported, the chain’s quarterly transactions climbed above 10 billion in Q1 for the first time since its inception.

This blockchain registered a steady growth in its daily active users and new members during the past six months, as per analytics from Artemis. Specifically, Solana’s new users during the fourth quarter of 2025 were about 1.8 million, but surged by 77.78% to hit 3.2 million in Q1 2026. 

As a result, the network’s Daily Active Users (DAU) climbed from 3 million in Q4 2025 to 4.6 million in Q1 2026, which represented an uptick of 53.33%.

Meanwhile, the network’s P2P stablecoins transfer volume peaked in the first quarter of 2026 at $832.7 billion, up more than 60.7% QoQ, as per metrics from Artemis.