Solana’s May update showed another strong month for onchain activity, with applications generating $68 million in revenue as consumer apps, tokenized assets and stablecoins carried the network’s growth story. The headline number marks a 16% month-over-month increase and strengthens Solana’s position as one of crypto’s most active application ecosystems. The growth came during a weak market for SOL itself, which has remained under pressure alongside the broader crypto selloff, but the network-level data shows usage is not moving in the same direction as price.