Overview
- Solana futures open interest rose about 20% this week to roughly $4.2 billion, signaling more leveraged bets in the market.
- Traders on Polymarket price the chance of SOL hitting $150 in April at 0% YES, and thin volume there means a single order could swing the odds.
- On-chain use stayed strong in Q1 as Solana handled 41% of on-chain spot trading, processed a record 10.1 billion transactions, and saw stablecoin supply grow 167% to $14.6 billion.
- SOL trades in the mid‑$80s and is still far below its January 2025 peak, while reported ETF outflows over late March to mid‑April topped $15 million and overall futures interest remains well under January highs.
- Network participation kept rising through the selloff, with roughly 425 million SOL staked and about 1.5 million daily active users added each month, even as tensions in the Middle East drove sharp price swings.