Solana leads Layer 1 networks with 4M–7M daily users and 110M transactions, holding firm despite late-June pullbacks.
Institutional volume on Solana CME futures hit 1.7M contracts as SOL dropped below $140, signaling high-leverage conviction.
Base surged past 3M users in June, while Solana's daily dominance continues to outpace BNB Chain, Sui, and Ethereum.
Solana continues to dominate daily blockchain activity across Layer 1 networks, holding the top spot in both users and transactions. The rise in institutional engagement now aligns with a major spike in Solana’s CME futures volume.
Solana Tops Charts in Daily Usage and Transaction Throughput
Solana has maintained the highest number of daily active addresses, consistently ranging from 4 million to 7 million. This lead has held firm since April, even as a downtrend emerged in late June that brought usage closer to 4 million. Ethereum remains stable at around 3 million users, while Base recently surged above that level.
https://twitter.com/thesolanapost/status/1940653657495900607
BNB Chain, Sui, and TON have shown gradual growth, with each chain nearing or passing 1.5 million active users. Meanwhile, Polygon PoS and Avalanche trail behind, although both maintain a reliable base. According to a report by Artemis, activity on Base spiked sharply near the end of June, reflecting broader adoption across newer networks.
In daily transactions, Solana outpaces all other chains with 90 million to 110 million transactions processed daily. A single drop in mid-June sent that number under 40 million before rebounding quickly. BNB Chain holds second place, ranging from 10 million to 20 million daily transactions across the same period.
Institutional Flows Push Solana Derivatives to New Highs
Trading interest in Solana has intensified alongside increased institutional exposure in the derivatives market. From April through late June, SOL CME futures volume moved unevenly, with sharp bursts followed by cooldowns. On June 22, volume surged past 1.7 million contracts, marking the highest level during that stretch.
That spike came just as SOL’s price fell toward $130, showing traders were positioning heavily into the drop, either to hedge or bet on a reversal. According to a report by CME data analysts, this surge marks a renewed wave of participation after a relatively flat stretch in mid-June. The divergence between volume and price movement highlights growing leverage-driven activity.
The price of SOL previously ranged from $140 to $170, with momentum peaking around mid-May. Futures activity trailed this rally until new volatility re-entered the market. Volume increases in June suggest that large funds may now be using Solana’s futures markets more actively to gain Layer 1 exposure.
CME Volume Surge Coincides With Price Reversal Below $140
CME’s SOL contract saw heightened action during a clear shift in market direction. The chart shows volume rising sharply while SOL fell below a key support threshold. This correlation indicates high-conviction trades entering the market despite price weakness.
At $1.7 million in notional volume, the June 22 spike reflects one of the largest positioning days on record. Solana’s price hovered around $130 as these positions were taken, signaling renewed volatility and opportunity. With trading activity rising across both spot and derivatives markets, SOL remains central to current institutional crypto strategies.
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