📊 Midday Deep Dive | Solana ecosystem data surges across the board as the Alpenglow upgrade enters its countdown
According to Blockworks’ latest Q3 report, the fundamentals of $SOL continue to strengthen:
• Application revenue rose 48% quarter over quarter to $299 million, its highest level since Q3 2025
• Quarterly tokenized stock volume hit a record $7.1 billion, with $4.4 billion in September alone
• Spot DEX trading volume reached $197.2 billion, accounting for 36% of all on-chain volume and exceeding 30% for nine consecutive quarters
• 14.2 billion transactions processed during the quarter, averaging approximately 1,790 TPS
Catalyst: The Alpenglow upgrade activates on October 21, aiming to cut transaction finality to 150 milliseconds. A Grayscale report says SOL averages 1,400 TPS, far ahead of the 40 TPS on other public blockchains, with its lead continuing to widen.
The RWA sector is taking off too: tokenized RWA on Solana grew from $1 billion to $4.4 billion in one year, while quarterly stablecoin settlement volume exceeded $2 trillion. Daily mobile traders on $PUMP rose 2.2x quarter over quarter to 43,500, and a 0.45% platform fee is generating an additional $49 million in annualized revenue that goes directly back to users.
Competition among public blockchains has moved from “telling stories” to “competing on data.” These figures deserve attention.
NFA | DYOR
#Solana #SOL #RWA #Alpenglow #Crypto
According to Blockworks’ latest Q3 report, the fundamentals of $SOL continue to strengthen:
• Application revenue rose 48% quarter over quarter to $299 million, its highest level since Q3 2025
• Quarterly tokenized stock volume hit a record $7.1 billion, with $4.4 billion in September alone
• Spot DEX trading volume reached $197.2 billion, accounting for 36% of all on-chain volume and exceeding 30% for nine consecutive quarters
• 14.2 billion transactions processed during the quarter, averaging approximately 1,790 TPS
Catalyst: The Alpenglow upgrade activates on October 21, aiming to cut transaction finality to 150 milliseconds. A Grayscale report says SOL averages 1,400 TPS, far ahead of the 40 TPS on other public blockchains, with its lead continuing to widen.
The RWA sector is taking off too: tokenized RWA on Solana grew from $1 billion to $4.4 billion in one year, while quarterly stablecoin settlement volume exceeded $2 trillion. Daily mobile traders on $PUMP rose 2.2x quarter over quarter to 43,500, and a 0.45% platform fee is generating an additional $49 million in annualized revenue that goes directly back to users.
Competition among public blockchains has moved from “telling stories” to “competing on data.” These figures deserve attention.
NFA | DYOR
#Solana #SOL #RWA #Alpenglow #Crypto