Solana adds 1.5M daily users monthly, price remains stagnant amid tensions

Solana has added 1.5 million daily active users each month for the past three months, but the network’s growth hasn’t translated into price movement. The market for Solana reaching $150 between April 13-19 sits at 0.4% YES.

Market reaction

The April 13-19 market for $150 has been thin, with just $5 of face value traded per day and no actual USDC movement, making it susceptible to swings from even small orders. That 0.4% YES contrasts sharply with 100% YES odds for Solana staying above $40 on April 15. Geopolitical tensions have added volatility to the crypto market, which may partly explain the gap between network activity and price.

Why it matters

Solana’s April 15 price thresholds at $40, $50, and $80 all sit at 100% YES, but the absence of actual USDC trading behind those positions suggests traders are confident without putting cash behind their bets. The term structure is flat, with no indicated volatility or expected price jumps in the short term.

The user growth numbers point to real network usage even as the price stalls under external pressure from events like the US-Iran crisis. Solana’s stablecoin volumes have tripled, which suggests a hedge use case is developing. At 0.4% YES, buying into the $150 price target offers a high reward-to-cost ratio, but it requires geopolitical tensions to ease enough to allow a crypto rally.

What to watch

Any major announcements from Solana Foundation or institutional players like BlackRock could shift sentiment and break the current price stagnation. Geopolitical developments or technical upgrades could also spark renewed trading volume.

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