Solana's Layer-1 blockchain network has experienced a significant surge in user demand during April. This spike in activity is reflected in various key metrics such as a noticeable increase in daily transactions, fees, and revenue on the network.

As a result of this uptrend, the demand for SOL, the native token of Solana, has surged, leading to a 16% price increase over the past month. With no signs of the network slowing down, there is a possibility that SOL could continue its upward movement in the short term.

The increase in user activity on the Solana network can be seen through the rising number of daily transactions. Data from Artemis shows that the network has processed over 99 million transactions since the start of April, marking a 12% increase in daily transactions compared to the previous month.

This heightened user engagement has also resulted in a significant rise in network fees and revenue generated from these fees. Transaction fees have jumped by 35%, while revenue from fees has increased by 26% during the same period.

The growing demand for SOL is driven by the increasing number of users interacting with the network, necessitating the use of SOL for transactions and fee payments. This surge in demand has propelled SOL's price up by more than 16% in the last month, indicating a growing trust from investors in the network and highlighting the positive connection between user activity and token value.

As long as user activity remains robust on Solana, SOL's price could maintain a bullish trend going forward. However, if user activity declines, impacting the demand for SOL, the coin's price may retreat from recent highs, potentially breaking key support levels to reach $120.