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State of Blockchains Q1 2026

Luis RinconJun 4, 2026 ⋅ 1 min read

Using Q1 2026 data, we ranked 21 blockchains across five metrics: circulating market cap, total value locked, stablecoin market cap, RWA market cap, and total fees. The cohort includes Messari Protocol Services partner networks, as well as Ethereum, Base, and Ink, which were included as sector anchors given their scale and relevance.
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Luis Rincon

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Luis is the Head of Research Operations at Messari, where he has spent the past three years building a best-in-class, scalable research operation across Diligence, Protocol Services, and Enterprise. Prior to Messari, Luis worked as an operations consultant and spent time at PwC Canada as a senior associate.

Author
Luis Rincon
Luis is the Head of Research Operations at Messari, where he has spent the past three years building a best-in-class, scalable research operation across Diligence, Protocol Services, and Enterprise. Prior to Messari, Luis worked as an operations consultant and spent time at PwC Canada as a senior associate.
1 Reportluisri_