Solana Network Activity Balloons Amidst Record-Low Volatility and Liquidity Woes

Solana's network activity remains high, with over 90 million transactions processed in the past 24 hours across 2.36 million active addresses.

However, a decline in stablecoin liquidity has limited the price recovery of SOL, which continues to trade below its 50-day SMA near $75.

The market capitalization of stablecoins on Solana decreased by 4.36% over the week to $15.75 billion, indicating a partial liquidity outflow.

Record-low volatility, currently at 1.94%, increases the probability of a strong directional move in the near term, making leveraged positions particularly risky.