Messari releases Solana Q2 report: Stablecoin market value, total economic value, daily paid active addresses growth, Sanctum performance is outstanding

Messari released Solana's second quarter report, the main information of which includes: 1. Ecosystem DeFi TVL fell 9% month-on-month to $4.5 billion, ranking fourth in the network. However, DeFi TVL denominated in SOL increased by 26% month-on-month, indicating that the decline in US dollar terms may be more caused by token price depreciation than capital outflow. 2. Solana DEX ecosystem Compared with the peak activity in March, DEX trading volume has decreased slightly, but it remains at a high level. DEX average daily spot trading volume increased by 32% month-on-month to $1.6 billion. DEX activity continues to be driven by memecoin transactions, with WIF, MEW, POPCAT and GME ranking among the top 10 tokens in terms of token pair trading volume in the second quarter. Jupiter remains Solana's main source of transactions, accounting for 51% of spot DEX trading volume in the second quarter, and its perpetual contract daily average trading volume is $370 million, a month-on-month increase of 13%. 3.Solana's stablecoin market capitalization increased by 8% month-on-month to $3.1 billion, ranking sixth in the network. 4.NFT trading volume has declined. Average daily NFT trading volume fell 56% month-on-month to $3.4 million. 5.Solana's total economic value (a measure of validators' transaction fees and MEV) increased by 41% from the previous quarter to $151 million. 56% of this came from transaction fees and the rest from MEV tips. 6.The average daily paid active addresses increased by more than 300,000 compared to the first quarter of 2024. 7.In the LST protocol, Sanctum accounts for 14% of Solana's liquidity staking market share, an increase of 3,700% compared to the first quarter of 2024.