Solana crosses 10 billion quarterly transactions for the first time

finbold.com 3 h

Altcoins

The Solana ($SOL) network experienced a spike in transactions during the first quarter of 2026, reaching a new all-time high ($ATH).

For the first time since the inception of the Solana blockchain, its quarterly transactions surged above 10 billion, reaching 10.1 billion, according to metrics shared by Artemis, a crypto analytics and data platform, on April 1. As such, the network’s transactions surged by approximately 50% from the fourth quarter of 2025.

Solana quarterly transactions. Source: Artemis

Since the FTX-induced crypto capitulation, Solana’s quarterly transaction volume has steadily increased, suggesting organic mainstream adoption. Moreover, the chain ended on March 30, 2026, with 2.4 million active users, according to Token Terminal.

Why are Solana quarterly transactions at an $ATH?

The primary reason Solana’s quarterly transactions spiked to an $ATH during the first three months of 2026 was its growing popularity in the Decentralized Finance (DeFi) ecosystem and Real-World Asset (RWA) tokenization. For instance, Solana’s monthly stablecoin transaction volume reached a record $650 billion in February 2026, thus nearly tripled month-over-month, based on analysis shared by The Kobeissi Letter.

Monthly stablecoin transaction volume on Solana. Source: Kobeissi Letter

Amid this momentum, institutional investors have been seeking to tap into $SOL for stablecoins, especially following the implementation of the Genius Act in the United States. For example, B2C2, a cryptocurrency liquidity provider and trading firm, designated Solana as its core network for institutional stablecoin settlements.

“Solana has earned its place as fundamental financial infrastructure. We’re supporting real flow here because it delivers on the things that matter to our clients – speed, reliability, and scale. This is where settlement is heading, ” B2C2 Group CEO Thomas Restout stated.

With the rising mainstream demand for $SOL, catalyzed by institutional adoption through market-traded funds, the chain’s quarterly transactions are well positioned to reach a new record in the second quarter of 2026.