Solana (SOL) Gains 6% As On-Chain Activity Spikes To 4-Month High
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Solana (SOL) witnessed a solid 6% price jump today, climbing above the $180 mark, as on-chain activity on its network soared to the highest levels seen in four months. This renewed momentum is fueled by increased user engagement across DeFi, NFT, and meme coin sectors within the Solana ecosystem.
According to on-chain data from Artemis and Santiment, Solana recorded over 1.2 million daily active addresses, a figure not seen since March 2025. Transactions per second (TPS) on the network also peaked at over 4,000, underlining the network’s capacity and scalability. Much of this surge has been linked to the growing popularity of Solana-based meme coins and tap-to-earn gaming applications.
The spike in activity has led to a boost in network fees and validator rewards, signaling a robust uptick in economic activity on-chain. Developers and users alike seem to be favoring Solana due to its low-cost, high-speed infrastructure. Analysts note that the recent adoption of Solana’s compressed NFTs and integrations with platforms like Shopify and Discord have also contributed to this surge.
Meanwhile, institutional interest in Solana appears to be rising. A recent report by CoinShares revealed $8.3 million in weekly inflows into Solana-based investment products, placing SOL ahead of all other altcoins except Ethereum. This suggests growing confidence among investors that Solana could be a top Layer 1 performer heading into Q4 2025.
In addition, Phantom Wallet—Solana’s leading non-custodial wallet—reported a 25% month-over-month increase in active users, signaling growing retail engagement. Coupled with the recent launch of staking features within Phantom, this has further incentivized users to remain active within the ecosystem.
Price-wise, SOL is trading at $182.40 at the time of writing, up 6.2% in the last 24 hours and 14% over the past week. The rally has also pushed Solana’s market cap back into the top 5 cryptocurrencies globally, overtaking XRP. If the momentum continues, traders are eyeing a breakout above the psychological resistance level of $190, with the potential to revisit the yearly high near $205.
Despite the positive sentiment, some analysts remain cautious. They point out that Solana has a history of volatile price movements and technical outages, although recent months have shown marked improvements in uptime and reliability.
Overall, Solana’s latest rally underscores the growing relevance of high-performance blockchains in the evolving Web3 landscape. As on-chain metrics continue to improve, SOL could be poised for even stronger upside in the weeks ahead—especially if broader market sentiment remains bullish.
