Solana Network Activity Surges Amidst Sharp Increase in Net Buying

Solana's network activity has been growing exponentially, with over 10.1 billion transactions processed in the first quarter of 2026. This is accompanied by an increase in active addresses, stablecoins, DEX volume, app revenue, and RWAs on the chain.

The net buying of long positions in Solana crypto has also increased sharply over the past 24 hours, pushing the price towards $87. However, analysts note that there are orders below $82 that could hinder a potential breakout.

According to CoinGlass's liquidation heatmap, more SOL orders are sitting below the current price than above it. This suggests that a drop to $82 is more likely than a push past $87.