Solana (SOL) continues to trade steadily above a key support level, buoyed by a notable surge in on-chain activity and transaction fees, according to the latest market data. The altcoin’s ability to maintain its footing around the $145-$150 range signals strong investor confidence, even as broader market volatility keeps traders on edge.
Active addresses on Solana have jumped significantly in recent weeks, suggesting growing user adoption across DeFi, NFT, and gaming sectors. At the same time, network fees—an indicator of demand—have also risen, pointing to increased utilization and congestion. These two metrics often correlate with stronger price performance and overall sentiment.
As reported by several analytics platforms, Solana’s daily active addresses climbed past 1.2 million, marking one of the highest levels in 2025. Meanwhile, total fees collected on the network surged over 30% in the past month, driven largely by activity on DEXs (decentralized exchanges) and new meme coin launches.
Despite short-term uncertainty in the broader crypto market—exacerbated by ongoing regulatory risks and macroeconomic headwinds—Solana’s fundamentals remain strong, according to analysts.
Technical indicators also support a bullish outlook. SOL has been consistently bouncing above its 50-day moving average, with the $145 level acting as a strong psychological and technical support. If the current momentum continues, traders are eyeing a breakout toward the $170-$180 range in the near term.
Several ecosystem developments have contributed to the positive trend:
- Solana’s DeFi total value locked (TVL) has climbed 12% month-over-month, signaling a return of liquidity and user interest.
- New GameFi and NFT projects are gaining traction, leading to increased transaction volume.
- Institutional interest in Solana is reportedly on the rise again, with some asset managers noting it as a key Ethereum alternative for high-throughput use cases.
However, some analysts warn of potential pullbacks if broader market sentiment worsens or if Bitcoin continues to struggle with its own resistance levels. Still, for now, Solana appears to be holding its ground amid market turbulence.
