Solana Activity Hits Record High Despite 33% Q1 Drop in SOL
- Record Transaction Volume: In Q1 2026, Solana achieved an average daily non-vote transaction volume of 112.6 million, a 50% increase from the previous quarter, marking a historical high despite a 33% drop in SOL price, indicating a divergence between network activity and price trends.
- Growth in Real-World Assets: The market cap for real-world assets on Solana grew by 43% in Q1, reaching $2.01 billion, reflecting sustained investor interest in blockchain-based assets, particularly driven by initiatives from BlackRock and Ondo Finance.
- Decline in DeFi TVL: Despite the SOL price drop, total DeFi TVL fell by 22% to $6.16 billion in Q1, raising concerns about liquidity and user engagement, with Kamino and Jupiter occupying the top two protocol spots.
- Diversified Revenue Sources: Pump.fun remains the largest revenue source with $124.7 million in quarterly revenue, up 17%; however, Bags saw a dramatic 1,347% increase to $11.5 million in January, followed by an 85% drop in February, illustrating the rapid fluctuations in Solana's application layer activity.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.189 | 0.261 | 0.332 | 0.404 | 0.474 | 0.546 | 0.617 |
| Fibonacci | 0.261 | 0.316 | 0.349 | 0.404 | 0.458 | 0.492 | 0.546 |
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