2026-01-22 02:22:36

Recently, the Solana network has been quite popular. Data shows that the number of on-chain active addresses surged from 14.7 million to 18.9 million within a week, an increase of nearly 29%. This upward trend is mainly driven by speculative activities in several popular tokens, boosting participation in the SOL ecosystem.

From a market performance perspective, SOL's price increase during this period has indeed exceeded the average level of the broader market. Many investors have also noticed this phenomenon—Solana's trading activity and user engagement are rising simultaneously, which is clearly reflected in on-chain data. The growth in active addresses usually indicates that transactions and participation within the ecosystem are continuing to heat up.

Of course, how long this phase of strong performance can be sustained depends on the subsequent performance of tokens and market sentiment. But based on current on-chain indicators, Solana is indeed attracting more participants.

SOL0.46%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
3
Repost
Share

Comment

0/400

ShibaOnTheRun

· 01-22 02:52

This wave of SOL is about to take off again It's driven by speculative tokens again, can it last this time? Wait, a 29% increase, is this real? The SOL ecosystem seems to be active again Too many followers, don't end up being the bagholder On-chain data looks good, but who can grasp the market sentiment? SOL is being hyped up again haha Will this be another flash in the pan this time?

View OriginalReply0

LowCapGemHunter

· 01-22 02:50

Solana this wave is indeed quite fierce, a 29% increase really wasn't for nothing. It's again driven by speculative trading; who knows how long this can last? On-chain data looks good, but be careful about taking over, brother. Honestly, active addresses ↑ don't necessarily mean smart money; it could also be new retail investors coming in. Let's wait and see how the subsequent tokens perform; short-term hype doesn't equal long-term optimism. Will there be truly ecosystem projects emerging this time, or will it continue to be just hype? The Solana ecosystem is getting more and more competitive; who can stand out is still uncertain.

View OriginalReply0

AirdropSweaterFan

· 01-22 02:36

A 29% increase is a bit exaggerated; it feels like another false prosperity before a wave of retail investors get burned. Uh... Can SOL really hold this time, or is it just the usual routine? Once speculative positions are withdrawn, the true nature is revealed; on-chain address numbers look good but are meaningless. Wait, isn't the jump from 14.7 million to 18.9 million a bit too much? I'm still optimistic about ecosystem projects, not this kind of short-term hype.

View OriginalReply0