Syndica

Solana dominated blockchain activity in March 2026, leading DEX volume with $66B, ranking second in TVL, growing stablecoin supply by 67% since January 2025, and surpassing other tracked chains in median TPS. It outperformed the next nine chains combined across TPS metrics at median, P90, and P99 levels.

Solana's validator stack is rapidly evolving with new clients like Harmonic and Rakurai reshaping economics. Agave dominates 86% of stake, while Jito's share declines as alternatives gain traction. Performance metrics show Frankendancer Harmonic Performance leads in rewards but lags in block time, while Rakurai and Jito Revenue capture significant priority fees.

Solana DePIN saw recovery in March 2026 with wireless protocols setting new records. Helium achieved $2.5M revenue (ATH), Dabba Network offloaded 42k TB, and XNET Mobile hit 150 TB. Deployer rewards increased 31% to $2.1M.

Solana has surpassed Ethereum in new developer intake and hobbyist counts, while Europe has become the leading region for most blockchain chains. The report highlights shifting trends in the crypto development landscape.