In Q1 2026, XRP, Ethereum, and Solana faced severe losses, with XRP dropping 27.1%, Ethereum falling over 30%, and Solana losing nearly 40%. The downturn was attributed to geopolitical tensions and market conditions. Despite strong fundamentals, XRP's price remained below $1.45 due to selling pressure. Ethereum's mainnet revenue plummeted over 90% as Layer 2 networks gained dominance, leading to a net inflationary state. However, Q2 shows promise with a ceasefire between the U.S. and Iran, potentially allowing these altcoins to recover.
"XRP's price dropped 27.1% in Q1 2026, marking its worst first quarter since 2018, despite Ripple achieving a $50 billion valuation and tripling its Prime brokerage revenue."
"Ethereum's mainnet fee revenue dropped over 90% year-on-year after EIP-4844, leading to a net inflationary state and a 32% price decline in Q1."
"Layer 2 networks like Arbitrum and Optimism now handle most of Ethereum's transactions, but the fees from those transactions do not benefit ETH, impacting its overall value."
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