1/ In April, @solana's onchain activity rose across all fronts:
- Real Economic Value: $88M, +24% MoM
- App Revenue: $163M, +12% MoM
- DEX Volumes: $111B, +14% MoM
- Stablecoin Supply: $12.6B, +3.8% MoM
Let's dive into the data 👇 

Twitter

Crypto Venture Capital Hashed recently published a strategic report titled “The Protocol Economy: 2026 Thesis,” in which it asserts that the cryptocurrency industry is very close to entering the phase of “...

Hashed: Digital asset projects linked to the real economy will boom in 2026.

Article by: Lin Wanwan's Cat (@linwanwan823)
Article source: X
Original title: Top 10 Questions and Answers from CZ, China's Richest Man, at the End of the Year
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BNB's annual shareholders' meeting has just concluded.
After listening to CZ's year-end AMA, I selected 10 questions and answers to summarize the key points: Market prediction, the stablecoin war 2.0 hasn't even started yet.
1. How do you feel after being granted a pardon?
CZ: "Psychologically there is a kind of v..."

CZ Year-End Report: Ten Questions on Binance, Regulation, and the Future of Crypto

Daily market data review and trend analysis, produced by PANews.
1. Market Observation: Although the US November CPI unexpectedly fell to 2.7% year-on-year and core CPI to 2.6%, a new low since 2021, initially igniting market expectations for accelerated interest rate cuts by the Federal Reserve, the reliability of the report was widely questioned due to data collection disruptions caused by the government shutdown. The market oscillated amidst complex signals. On the one hand, White House officials believed the Fed had "significant room for rate cuts"; on the other hand, the Bank of Japan raised its benchmark interest rate to 0.75%, a 30-year high, continuing to tighten global liquidity...

Trading Moment: With Japan's interest rate hike now a reality, Bitcoin faces a crucial test at $81,000, while Ethereum's rebound falters.

2/ Real Economic Value (REV) measures user demand to transact on a blockchain — tracking all value paid for transaction execution.
Solana's REV amounted to $88M in April, commanding 42% of the global demand to transact onchain vs. 25% for Tron and 16% for Ethereum. 

3/ Application revenue serves as an indicator of success for businesses within an ecosystem.
Solana apps generated $163M in revenue in April, accounting for 49% of total app revenue across all chains.
Ethereum and Hyperliquid, the next in line, both had a 13% market share. 

4/ Solana apps have earned more than the network stakeholders (validators, token holders, and other operators) since June 2024.
In April, Solana apps generated an average of $1.84 in revenue per $1 of network REV. 

5/ Solana DEX volumes amounted to $111B in April, a 14% MoM increase.
Memecoins accounted for about 55% of the total volume, while the SOL-USD pair came in second at 30%.
Zooming out, DEX volumes are up 2x YoY, up from $55M in April 2024. 

6/ SolFi, ZeroFi, and Orbic - new types of DEXs, dubbed "prop AMMs" - accounted for 20% of Solana's DEX volumes in April 2025.
Created by @ellipsis_labs, SolFi alone has snagged an impressive 12% of the chain's total volumes just six months post-launch. 

7/ Solana's stablecoin supply increased by 3.8% in April, closing the month at $12.6B, yet another all-time high.
USDC circulating supply on Solana increased by about $450M (+5%) in the past month, making up the majority of the growth. 

8/ To stay updated on Solana's monthly developments, including in-depth discussions about the latest Solana Improvement Documents (SIMDs), onchain financials, DeFi activity, and more, subscribe to @blockworksres
and check out the latest note by @0xcarlosg.