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Solana’s network has just reached its largest user base ever. Monthly token holders climbed to 167 million in early April 2026, marking a new all-time high and a 12% increase since October. The milestone comes during a particularly active week for the ecosystem. A Nasdaq-listed company tokenized its shares on Solana, a $2.5 million hackathon was launched, and multiple infrastructure upgrades rolled out across DeFi, lending, and payments.
Collectors spent hundreds of millions on digital cards, a public company tokenized its shares, and builders shipped security, lending, and infrastructure across every layer of the network.
Another week of Solana reshaping how value moves:
📰 Headline News
– @SolanaFndn… pic.twitter.com/tpI3KwsEGx
— Solana (@solana) April 12, 2026
Steady holder growth has been underway since mid-2023. The network started with roughly 70 million monthly token holders in July 2023 and has climbed consistently through 2024 and 2025, reaching the current all-time high of 167 million. In Q1 2026, Solana also crossed 10 billion total transactions for the first time.
The Solana Foundation took a major step toward addressing long-standing security concerns in the second week of April 2026 by launching two new initiatives: STRIDE and SIRN.
STRIDE provides 24/7 threat monitoring, while SIRN focuses on formal verification for high-TVL DeFi protocols. The moves come after repeated criticism that Solana’s high speed and throughput have sometimes come at the expense of rigorous security standards.
We’ve partnered with Currenc Group (Nasdaq: CURR) to tokenize their shares on Ethereum and Solana. pic.twitter.com/LnajAodSSJ
— Securitize (@Securitize) April 8, 2026
On the institutional side, Securitize partnered with Currency Group, a Nasdaq-listed company trading under the ticker CURR, to tokenize its shares on Solana. It is one of the first publicly traded companies to put its equity on-chain through a formal securities tokenization arrangement. Bitget also introduced IPO Prime on Solana, starting with a SpaceX preSPAX token sale powered by Republic.
Consumer activity on Solana stayed robust in early 2026. Pokemon TCG gacha spending on the network surpassed $233.8 million in Q1 2026. MoonPayCommerce settled over $40 million in single-payment volume since October 2025, with 88% of that activity occurring on Solana. Jupiter Mobile alone processed $890 million in trading volume in March.
Infrastructure and institutional developments also accelerated. MetaMask enabled Solana USDC spending on its Mastercard-backed card across the US Circle activated cross-chain forwarding to Solana through its Cross-Chain Transfer Protocol. Loopscale launched deposit-backed lending using Jupiter positions as collateral, while Alchemy introduced a $20 million infrastructure fund for Solana builders, offering up to $25,000 in credits per team.
USDG stablecoin on Solana crossed the $1 billion market cap milestone. Colosseum launched its Frontier Hackathon with a $2.5 million venture pool, and Immunefi opened a $1 million audit competition for Jump Firedancer’s V1 code.
Despite the record holder count, SOL has seen $18.2 billion in capital outflows since October 2025. This has reduced the odds of a sustainable price recovery. The network ranks as the fourth-most widely held layer-1 token, trailing BNB, Ethereum and Tron, while SOL trades near $82, still 73% below its November 2025 peak of $295.
The security picture complicates the adoption story further. On April 1, 2026 Drift Protocol, the largest DeFi platform on Solana, was drained of $285 million in one of the largest exploits in crypto history. TRM Labs assessed the attack was likely carried out by North Korean state-affiliated hackers, with on-chain staging beginning weeks earlier on March 11, 2026 through a months-long social engineering campaign that manipulated governance signers into pre-approving the theft. ZachXBT criticized Circle for failing to freeze over $230 million in stolen USDC during a six-hour window after the attack began.
— Drift (@DriftProtocol) April 5, 2026
Solana Foundation President Lily Liu acknowledged the blow. According to her, smart contracts held up but that the real targets are now humans, social engineering and operational security weaknesses rather than code exploits. The launch of STRIDE and SIRN was a direct response to that gap. Whether a foundation-led security program can address nation-state-level infiltration tactics is a question the ecosystem has not yet answered.
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