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I'm amazed by what Solana has achieved in Q1 - processing over 25 billion transactions and the chain is still performing excellently. That volume really indicates that something significant is happening. With an average fee of just around $0.002, the network is running super efficiently, and users are able to transact at truly affordable prices.
Even more interesting are the revenue figures - $1.94 million daily, $15 million weekly in income. This shows that it's not just speculation here; real usage is happening. Stable transaction fees and the ability to handle such large volumes point to a strong and robust network.
But here's the fun part - the price is still hovering around $86 . Despite such strong fundamentals, the market remains cautious. SOL is stuck in a range between $70 and $90 and can't break above resistance. With OBV remaining flat and capital flow limited, it suggests that buyers are still uncertain.
Solana's transaction volume and network efficiency are outstanding, but the market isn't yet ready to reflect this success in the price. If resistance is broken, confidence will return; otherwise, it may stay in this range for a few more days.