Birdeye Data Featured in Solana H1 2026 Report: Primed for the Third Leap

Birdeye Data is widely used among researchers and financial analysts to surface insights into market trends, capital flow, and network fundamentals. Birdeye Research published the Solana H1 2026 Report: Primed for the Third Leap, drawing on Birdeye Data to analyze key sector metrics across stablecoins, DEX trading, prediction markets, and perps in the Solana ecosystem. Here are the key takeaways from the report.

Solana H1 2025 Report: Primed for the Third Leap

Check out the full report — along with our latest articles tracking key industry trends here.

The first half of 2026 has been one of the quietest and most discouraging stretches the market has seen in years. But look past the price action, and a different storyemerges: Solana kept compounding on nearly every fundamental metric.

It held its position as the dominant venue for onchain spot trading, capturing the majority of tracked volume month after month, and capital increasingly chose to park on the network rather than rotate out. The deeper shift, though, was in the new sectors taking root. Tokenized equities, prediction markets, perpetuals, and bridged crypto assets, each moved from experiment to meaningful, sustained usage. Taken together, these trends point to a conclusion: Solana is becoming both the primary place to put capital to work and the default network for launching new onchain applications.

Key takeaways

1. Six months into 2026, Solana continues to consolidate its position as the go-to venue for everything trading onchain.
2. Solana continued to lead the entire industry in stablecoin growth rate, up 154% since January 2025. Even as market sentiment hit multi-year lows, stablecoins on Solana proved remarkably sticky through H1 2026.
3. Onchain payment volume rose 87% year-over-year, with card payments alone processing 5x more volume than last year.
4. Tokenized stocks went from a standing start to explosive scale in under a year.
5. Among foreign Layer 1 assets on Solana, HYPE was the standout performer, recording $3.1B in cumulative trading volume — 95% of it in just the first six months of 2026.
6. Solana’s lending market in H1 2026 was defined by rising utilization: borrowing demand outpaced collateral value, making deposits more productive than ever.
7. Solana’s prediction market sector stands out as an experimental hub, hosting 37 platforms — more than any other chain — with 7 attempting novel formats.
8. Solana perps’ trading volume growth rate outpaced Hyperliquid’s, with strong structural momentum supported by two forces: asset-class diversification and platform diversification.