Is Mid-to-Late 90s GT1 the fastest a class has ever evolved?
1994 - Ferrari F40
1995 - McLaren F1 GTR
1996 - Porsche GT1
1997 - Mercedes-Benz CLK GTR
1998 - Toyota GT-One
1999 - *Dead*
Each year brought forth a new car that crushed the previous year's competitors. The class was abandoned by the FIA GT series for the 99 season and became the GTP class for Le Mans 99.
I can't think of another class that evolved so quickly and killed itself off in the history of sports car racing.