Quick Overview
- SOL token slipped beneath the $80 threshold following rejection at $85
- Price touched $78.30; critical support zones identified at $75 and $70
- Q1 2026 saw Solana process an unprecedented 10.1 billion transactions, marking a 50% increase from Q4 2025
- Stablecoin transfer volume on Solana reached $650 billion during February 2026
- Galaxy Digital’s tokenized equity now available as collateral in Solana DeFi through Kamino platform
Solana (SOL) has fallen beneath the $80 price point following a recent pullback from $86.63. This decline came after the token broke through an ascending trend line that had previously provided support around $81.50 on the 60-minute timeframe.
The token established a local bottom at $78.30. Currently, SOL is positioned beneath both the psychologically significant $80 mark and the 100-period simple moving average on the hourly chart.
The first resistance barrier appears at $80.25, with the next hurdle at $82.50—a level that corresponds to the 50% Fibonacci retracement from the latest downward movement. Bulls would need to reclaim the $85 region to improve the near-term technical outlook.
Should the $78 floor fail to hold, attention turns to $75 as the subsequent support target. Breaking below that level could expose the $70 zone, with further downside potential toward $62 if bearish momentum accelerates.
Blockchain Transactions Reach Unprecedented Heights
While price action shows weakness, Solana’s on-chain metrics achieved remarkable milestones during Q1 2026. The network processed 10.1 billion transactions throughout the quarter—an unprecedented figure according to Artemis analytics. This represents approximately 50% growth compared to the previous quarter.
By the conclusion of March, the blockchain registered 2.4 million active participants, based on Token Terminal statistics.
This transaction surge was primarily fueled by decentralized finance protocols and the tokenization of traditional assets. During February 2026, Solana’s stablecoin transaction throughput climbed to $650 billion monthly, representing nearly a threefold increase from the prior month, as reported by The Kobeissi Letter.
Institutional adoption has expanded in tandem with network usage. Cryptocurrency liquidity provider B2C2 designated Solana as its primary infrastructure for institutional stablecoin transactions. 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 DeFi
Galaxy Digital achieved a milestone by becoming the first NASDAQ-traded entity to tokenize its stock on a permissionless blockchain. Through collaboration with Superstate and the Kamino lending protocol, qualified investors can now utilize tokenized GLXY shares as collateral to access stablecoin loans including USDC.
Staking is now live on @galaxyoneapp.
Powered by $GLXY institutional validator infrastructure, one of the largest Solana validator operations globally, eligible clients can now stake $SOL and earn up to an estimated 6.50% in variable staking rewards with no platform commission… pic.twitter.com/Njdu01sH4N
— Galaxy (@galaxyhq) March 31, 2026
Kamino represents Solana’s leading lending marketplace, maintaining more than $2 billion in Total Value Locked.
This innovation enables shareholders to unlock liquidity while maintaining their equity positions. The functionality is accessible to qualifying non-US investors via the Superstate Market integration with Kamino.
SOL is presently trading beneath $80 with critical support identified at $75 and resistance positioned at $82.50.
