Syndica

1/ @Solana has led crypto developer expansion through multiple market cycles. 2025 brought record onboarding, new geographic leaders, and sustained professional growth even as retention trends diverged. Inside the data behind Solana’s developer economy 🧵

@solana @ethereum @ManifestTrade @JupiterExchange @DriftProtocol @kamino @Loopscale @xStocksFi @BlackRock @PreStocks @Pumpfun @printr 18/ View the full report and subscribe to our email newsletter: blog.syndica.io/deep-dive-sola…

@solana @ethereum @ManifestTrade @JupiterExchange @DriftProtocol @kamino @Loopscale @xStocksFi @BlackRock @PreStocks 17/ @Pumpfun launched 96% of @Solana's new tokens in April, a fresh all-time high. Its share has climbed for three straight months. @printr debuted with a 1.4% share, becoming the first new launchpad challenger of 2026.

1/ April showed a rotation phase in @Solana DeFi: spot & perps activity softened while RWA and tokenized equities kept scaling. RWA AUM pulled back to $1.3B, but tokenized equities reached $412M and @xStocksFi climbed to $367M to become Solana's top RWA issuer. 🧵👇

@helium @rendernetwork @Hivemapper @UpRockCom @NATIXNetwork @XNET_Mobile @GEODNET @DabbaNetwork @helium_mobile @onocoyRTK @wingbits @AmbiosNetwork @nosana_ai 21/ View the full report and subscribe to our email newsletter: blog.syndica.io/deep-dive-sola…

@helium @rendernetwork @Hivemapper @UpRockCom @NATIXNetwork @XNET_Mobile @GEODNET @DabbaNetwork @helium_mobile @onocoyRTK @wingbits @AmbiosNetwork @nosana_ai 20/ @rendernetwork's operator base grew alongside its largest GPU integration. Render added 29 new nodes in April 2026, a 12% increase from March. Direct onboarding ran steady while RNP-023 integrated Salad's 60k-GPU network as a new compute source.

1/ @Solana DePIN pushed cumulative onchain revenue past $28M since Jan 2025. @helium_mobile subscribers hit a 2.9M ATH, @XNET_Mobile crossed 1 PB cumulative offload, and @rendernetwork rebounded 26% to $221k. Breakdown 🧵