The Headline Number
In the first half of 2026, $3.82 billion in value moved across Solana through the WalletConnect Network. We’ll refer to this number as Solana’s Total Network Value, or TNV.
This amount was spread across 492,097 transactions, 22,428 distinct users, and 766 active apps, reaching wallets in 200 countries.
It follows clearly that Solana was the third-largest chain on the WalletConnect Network in H1 2026, powering transactions on apps in DeFi, interoperability, infra, and more.
DeFi, Liquid Staking, and more driving activity
When we looked at the breakdown of how $3.82B was spent, we saw that DeFi was the leading category.
However, value and activity tell different stories - "liquid staking, lending/perps, launches and vesting" transacted only $138.3M in TNV but generated 153,861 transactions from 12,008 users. That’s more users than the entire DeFi category itself (8,999). This is the long tail of smaller, more frequent interactions by retail users.
Both data points highlight Solana’s diverse user base - from large-value Solana's usage base is bifurcated — a small set of large-value DeFi participants and a much larger population trading small and often.
Geographically led by the US & Asia
The United States alone accounts for 73% of all value moved on Solana through the network. Singapore comes in second at $405.2M.
Two Apps, 69% of the Chain
Ten apps account for the visible top of Solana's app economy.
Kamino and Jupiter alone move 70% of all Solana TNV on WalletConnect. Kamino leads on raw value ($1.40B) but with a comparatively lean user base (719); Jupiter is close behind on value ($1.23B) while dominating on activity, with 121,772 transactions.
Kamino looks like a venue for large, infrequent, high-conviction positions, and perhaps a smaller number of users moving serious capital.
Jupiter appears to be Solana's actual trading rail - an aggregator that ordinary activity routes through by default, high-frequency and high-volume. Jupiter Aggregator (app) has 121 772 transactions across 3774 users, while the Wallet boasts 151 331 transactions across 5490 users. WalletConnect powers both wallets and apps across the Solana ecosystem.
Between apps, they represent two different theories of how value accrues on a chain: depth of capital versus depth of usage. Solana currently has both, concentrated in two major players.
Another app worth diving into is FigApp, which $122.4M in TNV across just 12 users - that’s an average of over $10M in value per user, with 8,134 transactions layered on top.
Wallets across the Network
WalletConnect is bringing both institutional capital and everyday users to Solana through the wallets they already trust. On the institutional side, Fireblocks, which serves over 1,300 institutions in crypto custody, integrated WalletConnect specifically to give institutional clients access to Solana. Porto by Anchorage, Utilia, Ledger Enterprise also are one of the only ways capital can flow into the Solana Ecosystem, alongside custody and hardware options like Trust Wallet, Ledger Live, Tangem, and Trezor.
On the retail side, OKX's self-custodial wallet spans 130+ chains including Solana, with native staking and DEX swaps, while Solana-native wallets like Backpack and Solflare offer deep, purpose-built ecosystem access.
This results in institutions, hardware-wallet holders, and Solana power users all reaching the same apps and liquidity through whichever wallet they prefer, which is a sign of growth for Solana’s user base.
Solana for Payments
Beyond DeFi, Solana is emerging as a serious player in real-world payments.
WalletConnect Pay now supports SOL, USDC, and USDT on Solana, making them spendable directly from a user's wallet anywhere WalletConnect Pay is accepted - with no bridging, off-ramps, or extra steps required. This support is live, not theoretical:
WalletConnect Pay is already running at 94° Coffee in Lisbon, offering real-world crypto payments via QR code, with Solana among the supported chains alongside Ethereum, Base, and others. That pilot marks the first real-world merchant using WalletConnect Pay for in-store transactions, giving everyday customers a live, working example of Solana-powered checkout.
The Connectivity Network Powering Solana’s Growth
Put the three lenses together - category, geography, and app - and the same pattern repeats at every level of zoom: Solana's H1 2026 activity on the WalletConnect Network is wide. A wide range of countries, categories, and wallets explain a total of almost $4 billion in TNV.
All of the activity has been powered by WalletConnect, the leading global connectivity network for wallets, banks, fintechs, financial institutions, and DeFi. One platform enables secure, compliant money movement with any asset on any chain, providing a single access point to 900M end users - including Solana’s. In 2025 alone, the network powered over $400 billion in transaction volume with 119% year-over-year growth. In H1 2026, $207.8B was moved across the Network, with stablecoins carrying the large majority of network volume.
Source: WalletConnect Network data, H1 2026. Figures as reported in the underlying dataset; percentages calculated from category and country TNV totals.