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HYPE 
SOL What does Birdeye\'s first half of 2026 report reveal about Solana?
Today\'s Big Solana News: A new report shows that Solana crushed its opponents on almost all major indicators in the first half of 2026. Data platform Birdeye Data released its \"Solana First Half of 2026 Data Report\" on X this week. Analysis points out that the network accounts for an average of 54% of the market share in spot transactions. Monthly trading volume reached US$425 billion, despite continued weakness in prices throughout the year.
What did the report find?
Birdeye Data compiled data in multiple fields such as transactions, stablecoins, and lending. Here is a complete analysis:
Spot trading
Solana maintains its dominant position in this area, with an average market share of 54%, and monthly trading volume of US$425 billion.
Stability coins
Supply has increased by 154% since January 2025, reaching US$16.36 billion as of June 15.
Payments
Card payments alone climbed to US$420 million, driving total payments up 87% year-on-year.
Tokenized stocks
The trading volume of tokenized stocks in the first half of the year was close to US$4.9 billion, a six-fold increase, and the market value exceeded US$500 million.
Foreign assets
HYPE alone has accumulated transaction volume of US$3.1 billion on the network.
Loan
Utilization steadily climbed from 37% in January to 47% in June.
Forecast market
There are currently 37 active platforms, and SOL leads all other chains in this category.
The transaction volume of perpetual contracts
reached US$255.6 billion, a year-on-year increase of 57.1%, the fastest growth rate in the industry.
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Why is this Solana news update important?
This is not just a good month. Almost all product categories showed steady growth. Even as SOL prices fell by about 59% from their January peak, something unusual happened. The number of wallets holding SOL increased from 4.91 million to 6.87 million, an increase of 40%. The gap between price and number of holders suggests that this is a true accumulation, rather than a purchase driven solely by hype.
Why does Solana continue to return?
SOL has gone through two major cycles. It initially gained ground in November 2021, setting a record high of about $260. Subsequently, FTX crashed and SOL plunged to nearly $10. However, Solana\'s network reconstruction will climb to a new high of $290 by January 2025. The report believes that the network is now entering its third stage of growth, and this time it is starting from a strong position.
Price Background and Analyst Focus
SOL\'s price weakness this year does not match its usage data. More wallets holding SOL, more solid stablecoins, and more active lending markets all tell the same story. Analysts following today\'s cryptocurrency market news trends point out that the real health check indicator is utilization, not price. Whether this gap will be made up through price recovery is an unresolved issue in the second half of 2026.
Next: Roadmap and expert views
Birdeye Data\'s report points out clear challenges ahead. New areas such as tokenized stocks, perpetual contracts and forecast markets grew rapidly in the first half of the year. The real question is whether they can remain as stable as spot transactions. Analysts believe that SOL prices have deep liquidity and a strong application layer, and are about to enter the second half of the year. The next real test will come with the next round of broad market rebound.
What does this mean for investors?
Today\'s Solana News summary notes that the network has achieved growth even during a difficult year for prices. Despite depressed market sentiment, stablecoins, tokenized stocks, lending and perpetual contracts all continued to rise. Investors following SOL should pay attention to whether there will be continued inflows of funds in the second half of 2026, rather than just a brief trading explosion. Those who follow the network closely can view the report as a solid checkpoint ahead of the next big market.
Disclaimer : This article is for reference only and does not constitute financial advice. The market is still volatile, and all data here are derived from reports released by Birdeye Data. Please be sure to study your own before investing.
