ProtocolReportingApril23,2023Solana(SOL)StateofSolanaQ12023QuarterlyCommunityReportJamesTrautman•ResearchAnalyst(@JamesTrautman_)MikeKremer•DataEngineer(@mikeykremer)KeyInsights●Solana’smarketcapreboundedalongwiththebroadermarket,increasing118.1%QoQ.Solanarevenue(inSOL)increased68.7%QoQwithgreateradoptionofpriorityfees.●SeveralecosystemdevelopmentsdrovefeepayerandtransactionactivityduringQ1,includingtheBONKairdrop,severalNFTcollections,andDePINapplications.●Liquidstakingderivatives(LSDs)grewsignificantlyQoQ,ledbyMarinadeFinance,Lido,Jito,andJPool.●TheSolanaFoundation'sgrowthinitiativestoinvestinitsecosystemcontinued,includingthosewithGrizzlython,wh...