《Solana Q1 Cooldown: From Speculative Peak to Reset Period》 (Author: Michael Nadeau; Translated by: Glendon) After experiencing explosive growth driven by speculation, Solana saw a significant cooldown in Q1 2026. Network fees dropped to $89.9 million, a 68% year-over-year decline. On-chain yields and DeFi activity also fell in tandem, highlighting its heavy reliance on retail trading and sentiment. The overall ecosystem is transitioning from being 'speculation-driven' to a more sustainable revenue structure. Key areas for the future include perpetual contract competition, RWA tokenization, stablecoin application expansion, and the recovery of the developer ecosystem. Read the full article: https://www.(wublock123.com)/articles/article-58909