Solana (SOL) Price: SOL Beats Ethereum on Transactions and Adds 1.5M Users — What’s Next?

TLDR

SOL gained 10% in five days, hitting a three-week high on Friday Futures open interest rose from $3.5B to $4.2B in one week SOL has underperformed the broader crypto market by 13% in 2026 Solana has added 1.5 million daily active users per month over the past quarter Multiple Solana memecoins jumped 40%+ between Wednesday and Friday

---

Solana’s native token SOL climbed 10% over five days, reaching a three-week high on Friday. The move came after the US and Iran announced a ceasefire extension, which pushed Brent crude oil prices down 8% and lifted risk appetite across crypto markets.

Solana (SOL) Price

SOL is now trading around $84–$85, with traders watching closely to see if $100 is the next target.

Futures open interest on SOL rose from $3.5 billion on Sunday to $4.2 billion on Friday, a 20% jump in under a week. That rise points to growing participation from leveraged traders, both institutional and retail.

Despite the move higher, the annualized funding rate on SOL perpetual futures sits at just 3%. That is below the neutral range of 5–10%, which means bulls are not yet showing strong conviction. It is still well above the extreme fear levels seen on April 7, when SOL dropped below $80.

Source: Laevitas

SOL has underperformed the broader crypto market by 13% in 2026. A slowdown in decentralized application (DApp) activity has been one factor weighing on the token.

Solana network DApp revenues currently stand at around $16 million per week, down from earlier highs. For context, Ethereum DApps brought in $10 million last week and BNB Chain $4 million, so the decline in DApp revenue is a market-wide trend, not unique to Solana.

Memecoin Activity Picks Up

Multiple Solana-based memecoins rose 40% or more between Wednesday and Friday. Memecoin activity has historically been a positive signal for SOL price, particularly following the early 2025 memecoin rally that saw Solana dominate user activity after the launch of the Official Trump memecoin.

Solana still holds its position as a leader in DEX trading volume and ranks second in Total Value Locked across all blockchain networks.

Solana processed nearly 9 billion transactions last month, compared to 69 million on Ethereum. In total, Solana has now processed over 500 billion transactions to Ethereum’s 3 billion. Its design as a fast, low-cost, high-throughput chain makes it well-suited for gaming, trading, and financial services.

Solana also has a stablecoin settlement partnership with Visa, placing it inside the emerging blockchain payments space.

User Growth Continues

Solana’s network added 1.5 million daily active users per month over the past quarter. That growth continued even as SOL’s price fell from $293 to around $83 during the height of Middle East tensions.

Source: Artemis

Prediction markets had the April 16 target of $110 sitting at 100% YES, while the $150 April 30 target remains open with a 15% expected move priced in. Volume in those markets is low, so the odds could shift quickly with any large order.

As of Friday, SOL was trading around $85, with open interest at $4.2 billion and memecoin activity adding upward pressure to futures demand.

The post Solana (SOL) Price: SOL Beats Ethereum on Transactions and Adds 1.5M Users — What’s Next? appeared first on CoinCentral.