Solana activity hits new record high
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-traded fund (ETF). Indeed, the U.S. Securities and Exchange Commission (SEC) has reportedly asked potential ETF issuers to amend or resubmit their applications by the end of July, with Bloomberg ETF analyst James Seyffart claiming that any sort of interactions “should be viewed positively.” Solana performance As reported by SolanaFloor, Solana has also surpassed all layer-1 (L1) and layer-2 (L2) chains in terms of network revenue in Q2 2025, comprising transaction fees a...