Solana News: Solana Transactions Outpace Rival Chains, Reflecting The State of Adoption

Key Insights:

  • Solana news reveals the network dominates with 108.8M daily transactions, far outpacing rivals and signaling strong real-world adoption.
  • Network activity hits a 7-month high as stablecoin growth and rising TVL reinforce on-chain momentum.
  • Despite a usage surge, declining inflows, and technical resistance hint at a volatile path ahead for SOL price.

The latest Solana news revealed that the network has been pulling ahead of rivals with 108.8 million daily transactions, leaving Ethereum in the dust at just 2 million.

Crypto-winter hangover just wont let up but at least some Solana news may soften the situation. The network continues to experience healthy adoption even though SOL price retreated below $85 after a volatile February. Investors hope these strong on-chain metrics translate into a price pump.

Solana News: SOL Transactions Count Hit 7-Month High

Solana network outshone peers in transaction growth, posting strong surges that align with rising user activity. The network hit levels not seen since summer 2025, with daily counts dominating the Dune Analytics chart.

Daily Transaction Count of Six Top Chains | Source: Dune Analytics
Daily Transaction Count of Six Top Chains | Source: Dune Analytics

The purple line showed Solana’s Daily Transactions between August 2025 and February 2026. After remaining relatively flat throughout the last quarter of 2025, transactions on the network started spiking in January 2026.

It soared to 175 million before cooling to 108.8 million mid-February 2026. Rival chains like BNB Chain and Base remained limp at 13 million and 12.5 million, respectively.

As per the Solana news, the drop in transaction count was likely due to current market uncertainty and escalating tensions in the Middle East.

Further cementing its dominance, Solana’s monthly transactions soared to a 7-month high in February, clocking over previous peaks amid broader market jitters.

Additionally, the stablecoin market cap also rose to new highs, ballooning as users flocked to Solana for cheap, fast transfers. As of the time of writing, the network’s TVL sat at $6.51 billion with a $15.423 billion stablecoin market cap, which represents a 1.12% growth over the last 24 hours.

This reflects real adoption beyond meme coin flips.

Solana News: Stablecoin and TVL Update | Source: DeFi Llama
Solana News: Stablecoin and TVL Update | Source: DeFi Llama

Solana Net Inflows Cut in Half Since September

Despite the growth in daily transactions, Solana net inflows have been slashed by nearly half since September, signaling that money was moving out of the chain amid rising uncertainty. This was likely because investors have been moving their funds to safer assets like gold.

Still, the transaction surge held strong, showing organic growth over whale pumps. Solana’s lead has widened, proving it is the go-to network for high-speed plays.

Compared to the previous months, volatility has cooled on Solana, with SOL price swings narrowing after a rough 10% dip to $78 in late February.

Prediction markets like Polymarket have bet on recovery, with odds favoring a climb to $90-$100 by March if bulls defend $75 support.

Odds on Solana Price Prediction For March | Source: Polymarket
Odds on Solana Price Prediction For March | Source: Polymarket

A Closer Look into Solana Price

The 1-day Solana (SOL) USDT price chart shows the asset moving inside a tight consolidation zone, which many have labeled as an accumulation zone. However, the continuing tensions and revelations into market manipulation by Jane Street signal that the downside may not be over.

Furthermore, the price was trading right below the 50-day Simple Moving Average (SMA), which has been suppressing any attempts at a breakout.

The Solana (SOL) price is likely to move higher in the coming couple of days. The relative strength index (RSI) supports this assessment as it’s on an upward trend, forming higher highs and higher lows. This confirmation of bullish momentum will likely push the SOL price out of the range.

Solana Price Chart Analysis | Source: Tradingview
Solana Price Chart Analysis | Source: Tradingview

However, the 50-day SMA could likely act as a cap that market makers use as an excuse to liquidate longs around that supply-demand zone, and send prices lower than they have been since November 2023.

A bear flag also supports the assessment of a relief rally followed by a giga-dump to the $40 region. The dump is also likely to be a flash crash or a quick crash with a V-shaped recovery that sends prices above previous all-time highs.

According to this Solana news, the network has positioned itself as the adoption king, with transactions outpacing rivals and stablecoins thriving. Yet net inflows tell a cautionary tale of capital hesitating amid cooling volume.

Prediction markets hint at upside, but only if the network keeps delivering.

Source: https://www.thecoinrepublic.com/2026/03/02/solana-news-solana-transactions-outpace-rival-chains-reflecting-the-state-of-adoption/