Key Highlights

  • SOL experienced a decline, falling beneath the $80 threshold after resistance at $85
  • Price touched $78.30; critical support zones identified at $75 and $70
  • Q1 2026 saw Solana process 10.1 billion transactions, marking a 50% increase from the previous quarter
  • February 2026 stablecoin transaction volume reached $650 billion on Solana
  • Kamino enables Galaxy Digital’s tokenized shares as collateral for borrowing on Solana DeFi

Solana (SOL) has retreated beneath the $80 mark following a downturn that originated from the $86.63 level. This movement occurred after the asset broke through an ascending trend line that previously provided support near $81.50 on the hourly timeframe.

Solana (SOL) Price
Solana (SOL) Price

The asset established a bottom at $78.30. Currently, SOL remains positioned beneath both the $80 mark and the 100-hourly simple moving average.

The first resistance barrier appears at $80.25, with a secondary level at $82.50, corresponding to the 50% Fibonacci retracement from the latest downward move. Bulls would need to reclaim the $85 zone to improve the near-term outlook.

Should the $78 floor fail to hold, attention turns to $75 as the next defensive zone. Breaking through that level could expose the $70 area, with $62 becoming relevant under sustained selling conditions.

Blockchain Transactions Reach Unprecedented Volume

While price action shows weakness, Solana’s on-chain metrics achieved remarkable milestones during Q1 2026. The network processed 10.1 billion total transactions throughout the quarter, establishing a new record according to Artemis data. This represents approximately 50% growth compared to Q4 2025 figures.

Source: Artemis

March concluded with 2.4 million active users engaging with the network, based on Token Terminal metrics.

DeFi operations and real-world asset tokenization fueled the surge in transaction activity. February 2026 witnessed Solana’s stablecoin transfer volume reach $650 billion monthly, representing nearly a threefold expansion from the prior month, per data from The Kobeissi Letter.

Institutional adoption has accelerated alongside network expansion. Crypto liquidity provider B2C2 designated Solana as its primary infrastructure for institutional stablecoin settlements. CEO Thomas Restout stated: “Solana has earned its place as fundamental financial infrastructure… This is where settlement is heading.”

Galaxy Digital Introduces Tokenized Equity to Solana Lending Markets

Galaxy Digital achieved a milestone as the first NASDAQ-listed entity to tokenize its company shares on a public blockchain. Through collaboration with Superstate and Kamino lending protocol, qualified investors can now leverage tokenized GLXY shares as collateral to access stablecoins including USDC.

Kamino maintains its position as Solana’s leading lending platform, managing over $2 billion in Total Value Locked.

This functionality enables shareholders to obtain liquidity while maintaining their equity positions. Eligible non-US investors can access this capability through the Superstate Market interface on Kamino.

SOL continues trading beneath $80 with significant support positioned at $75 and resistance located at $82.50.