Jinse Finance reports, July 3 news: Solana broke multiple records in trading, revenue, and trading volume in the second quarter of 2026. In the tokenized stock track, Solana’s spot trading volume reached $4.84 billion this quarter, with a market share exceeding 96%, far surpassing the total of all other blockchains combined, leading the track for four consecutive quarters, and its dominance barrier is increasingly solid. In terms of decentralized application revenue, total dApp revenue this quarter was $257 million, leading all Layer 1 and Layer 2 blockchains for the ninth consecutive quarter. Despite competitive pressure from peers, ecosystem developer enthusiasm and actual user demand remain strong. On-chain trading activity saw comprehensive breakthroughs, with daily, weekly, and monthly trading volumes all hitting new highs. The quarterly non-voting transaction total approached 9.8 billion, and its share of total network transaction volume rose to 59%, an 11-month high. Perpetual futures trading experienced a massive surge, with quarterly nominal trading volume reaching $183 billion, with GMTrade, Pacifica, and Jupiter as the main sources. Among them, GMTrade saw impressive growth in total value locked, cumulative trading volume, and protocol fees. Meanwhile, the Solana Foundation proactively reduced its staked holdings, with its staking share of total network staking dropping to 4.92%, aiming to weaken its own control over the network validation process and promote a more decentralized validator ecosystem. Overall, even as the market generally judges that we are in a bear market bottom range, Solana’s various innovative businesses and on-chain fundamentals are rising against the trend. If this quarter is indeed the low point of the current market cycle, the existing performance will lay a solid foundation for subsequent long-term growth. The article also briefly mentions related developments such as the implementation of Solana on-chain governance, the Grass reward controversy, and the foundation executives' future plans.

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Solana’s spot trading volume in the tokenized stock sector this quarter reached $4.84 billion.

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