Solana Breaks $155 As Daily Active Wallets Hit Record High
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Solana surged past the $155 mark on July 16, 2025, marking a fresh milestone for the blockchain platform as it set a new record in daily active wallets. The network recorded over 3 million active wallets in a single day, signaling strong user engagement across its decentralized applications (dApps), gaming platforms, and NFT marketplaces.
The surge in user activity has been attributed to a combination of factors. Foremost is the explosive growth in on-chain gaming on Solana. Titles such as Starborn Arena and SolCraft have attracted hundreds of thousands of daily players, driven by smooth gameplay, low fees, and seamless wallet integration. These games, built on Solana’s high-speed architecture, have not only brought gamers on-chain but also exposed them to the broader DeFi ecosystem within Solana.
NFT activity has also picked up. Collections like Mad Lads and SMB Gen3 continue to dominate secondary markets, while Solana’s compressed NFT standard has dramatically reduced minting costs — making it accessible even for small creators. This has sparked a new wave of digital artists and indie game studios leveraging Solana for launching community-driven assets.
Meanwhile, Solana’s DeFi protocols are seeing a rebound. Jupiter Exchange, MarginFi, and Kamino have all recorded increasing volume and TVL as traders return to capitalize on yield farming opportunities. The recent deployment of native fee markets and improved transaction prioritization have further optimized the network, allowing apps to function with near-zero delays even during peak traffic.
Solana’s strong fundamentals are drawing attention from institutional players as well. Several venture firms have begun backing Solana-native protocols again after a period of skepticism following the FTX fallout in 2022. The blockchain’s ability to recover and grow its ecosystem has restored market confidence, reflected in the steady price appreciation since the beginning of 2025.
As of now, SOL is among the top-performing altcoins this week, with analysts eyeing $160 as the next resistance level. On-chain metrics such as developer activity, user retention, and cross-chain bridges are all trending upward. If Solana maintains this trajectory, it could soon solidify its position as the go-to platform for consumer-facing Web3 applications.
