Solana activity hits new record high
2025-07-08 12:51:00
Main Idea
Despite a recent price dip, Solana (SOL) experienced a surge in active addresses and network revenue, while the SEC's delayed decision on a Solana ETF and new approval framework created mixed market signals.
Key Points
1. Solana saw over 14.63 million active addresses in 24 hours, indicating increased activity.
2. The SEC has reportedly engaged in discussions about a Solana ETF, viewed positively by analysts.
3. Solana surpassed all layer-1 and layer-2 chains in Q2 2025 network revenue, totaling over $271 million.
4. The SEC delayed its decision on Fidelity’s spot Solana ETF filing, reopening public comments for 21 days.
5. Solana's price dipped 0.86% in 24 hours, trading at $151.17 amid regulatory uncertainty.
Description
Despite a 2% price dip on Monday, Solana ( SOL ) saw a surge in activity on Tuesday, with over 14.63 million active addresses in the previous 24 hours, according to data from on-chain cryptocurrency analyst Ali Martinez. A rise in daily active addresses correlates with increased user engagement, potentially fueling greater demand for the token. Solana activity. Source: X (ali_charts) Notably, the record numbers across Solana’s ecosystem coincides with renewed excitement for a Solana exchange-tra...
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