Solana Sees Record 14.6M Active Addresses Amid Growing ETF Speculation and Regulatory Developments
2025-07-08 17:38:33
Main Idea
Solana's network activity reached a record high with 14.6 million active addresses amid ETF speculation and strong network revenue, despite a slight price dip, as regulatory developments and institutional interest signal potential growth.
Key Points
1. Solana achieved a record 14.6 million daily active addresses on July 8, 2025, despite a minor price dip to $151.17.
2. ETF speculation, particularly around the SEC's request for revised filings, is seen as a positive step toward regulatory approval and institutional investment.
3. Solana led in network revenue with $271 million in Q2 2025, outperforming competitors like TRON by over $100 million.
4. Despite strong fundamentals, SOL's price declined 0.86% in 24 hours, reflecting cautious investor sentiment amid regulatory developments.
5. Potential approval of a Solana ETF could drive institutional adoption, enhancing liquidity and market depth for the blockchain.
Description
Solana (SOL) has reached a new milestone with 14.6 million active addresses in a single day, signaling heightened network engagement amid growing ETF speculation. This surge in on-chain activity coincides
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