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Solana Leads Public Blockchain Activity with 21.82 Million Active Addresses in Last 7 Days
ByAinvest
Monday, Aug 25, 2025 5:52 am ET2min read
BNB--
In recent weeks, Solana has experienced significant price movements. On August 17, 2025, the asset surged 8.1% weekly, sparking debates about whether this momentum marks a sustainable bullish trend or a temporary correction within a broader bull market cycle [1]. The recent rally is underpinned by strategic advancements in Solana's decentralized finance (DeFi) ecosystem and institutional adoption. Partnerships with platforms like Bitlayer and Kamino Finance have expanded Solana's interoperability, enabling cross-chain yield-generating opportunities and institutional-grade liquidity solutions. Additionally, institutional adoption has accelerated, with DeFi Development Corp. (DFDV) adding $22 million in SOL to its portfolio, bringing its total holdings to $273 million [1].
From a technical perspective, Solana's price action in August 2025 suggests a strong short-to-medium-term bullish case. As of August 17, 2025, the asset trades near $186.52, just below the upper boundary of an ascending parallel channel. Key resistance levels at $190–$209.86 and support at $155.83 form a critical framework for near-term price action [1]. The Relative Strength Index (RSI) at 57.63 indicates neutral to bullish momentum, while the Moving Average Convergence Divergence (MACD) remains positive, with the line above the signal line [1].
Solana's fundamentals provide a robust foundation for long-term growth. Network upgrades like Firedancer and Alpenglow have reduced transaction times to under 100 milliseconds, enhancing scalability and attracting institutional interest. The Total Value Locked (TVL) in Solana's DeFi ecosystem grew 30% in Q2 2025, while app revenues doubled, underscoring the platform's utility [1].
Despite these strengths, risks persist. Solana's price remains sensitive to whale-driven volatility, with daily transactions dropping to 1.1 billion in August 2025—a 20% decline from mid-2025 levels. Regulatory scrutiny, particularly around DeFi and stablecoin settlements, could also impact adoption. Additionally, historical network outages and validator concentration raise concerns about decentralization and reliability [1].
In a significant development, crypto giants Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly raising $1 billion to create a Solana corporate treasury, with Cantor Fitzgerald as lead banker and reported backing from the Solana Foundation. The proposed $1 billion reserve would be the largest corporate SOL reserve, more than doubling the current largest Solana holdings and adding liquidity and staking yield to the network [2]. This initiative aims to stabilize markets, support developer grants, and bolster on-chain services, creating predictable demand for SOL and increasing the protocol’s available staked supply.
In conclusion, Solana's dominance in active addresses and recent market movements reflect a maturing ecosystem and a network poised to challenge Ethereum's dominance in DeFi. While the trajectory suggests potential for further gains, investors must remain vigilant against volatility and macroeconomic headwinds. The confluence of innovation, institutional adoption, and technical momentum positions Solana as a compelling long-term investment for those with a risk-tolerant, medium-term horizon.
References:
[1] https://www.ainvest.com/news/solana-8-1-weekly-surge-catalyst-long-term-growth-fleeting-correction-2508/
[2] https://en.coinotag.com/galaxy-multicoin-and-jump-may-seek-1-billion-solana-treasury-with-cantor-fitzgerald-as-lead-banker/
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SOL--
According to Nansen data, the top five public chains in terms of active addresses within the last 7 days are Solana (21.82 million), BNB Chain (10.90 million), Tron (6.66 million), Base (6.52 million), and Sei (4.96 million). Solana ranks at the top position.
According to Nansen data, Solana (SOL) has maintained its position as the top public chain in terms of active addresses within the last seven days, with 21.82 million users [1]. This dominance highlights Solana's robust ecosystem and growing user base, which is crucial for its long-term success.In recent weeks, Solana has experienced significant price movements. On August 17, 2025, the asset surged 8.1% weekly, sparking debates about whether this momentum marks a sustainable bullish trend or a temporary correction within a broader bull market cycle [1]. The recent rally is underpinned by strategic advancements in Solana's decentralized finance (DeFi) ecosystem and institutional adoption. Partnerships with platforms like Bitlayer and Kamino Finance have expanded Solana's interoperability, enabling cross-chain yield-generating opportunities and institutional-grade liquidity solutions. Additionally, institutional adoption has accelerated, with DeFi Development Corp. (DFDV) adding $22 million in SOL to its portfolio, bringing its total holdings to $273 million [1].
From a technical perspective, Solana's price action in August 2025 suggests a strong short-to-medium-term bullish case. As of August 17, 2025, the asset trades near $186.52, just below the upper boundary of an ascending parallel channel. Key resistance levels at $190–$209.86 and support at $155.83 form a critical framework for near-term price action [1]. The Relative Strength Index (RSI) at 57.63 indicates neutral to bullish momentum, while the Moving Average Convergence Divergence (MACD) remains positive, with the line above the signal line [1].
Solana's fundamentals provide a robust foundation for long-term growth. Network upgrades like Firedancer and Alpenglow have reduced transaction times to under 100 milliseconds, enhancing scalability and attracting institutional interest. The Total Value Locked (TVL) in Solana's DeFi ecosystem grew 30% in Q2 2025, while app revenues doubled, underscoring the platform's utility [1].
Despite these strengths, risks persist. Solana's price remains sensitive to whale-driven volatility, with daily transactions dropping to 1.1 billion in August 2025—a 20% decline from mid-2025 levels. Regulatory scrutiny, particularly around DeFi and stablecoin settlements, could also impact adoption. Additionally, historical network outages and validator concentration raise concerns about decentralization and reliability [1].
In a significant development, crypto giants Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly raising $1 billion to create a Solana corporate treasury, with Cantor Fitzgerald as lead banker and reported backing from the Solana Foundation. The proposed $1 billion reserve would be the largest corporate SOL reserve, more than doubling the current largest Solana holdings and adding liquidity and staking yield to the network [2]. This initiative aims to stabilize markets, support developer grants, and bolster on-chain services, creating predictable demand for SOL and increasing the protocol’s available staked supply.
In conclusion, Solana's dominance in active addresses and recent market movements reflect a maturing ecosystem and a network poised to challenge Ethereum's dominance in DeFi. While the trajectory suggests potential for further gains, investors must remain vigilant against volatility and macroeconomic headwinds. The confluence of innovation, institutional adoption, and technical momentum positions Solana as a compelling long-term investment for those with a risk-tolerant, medium-term horizon.
References:
[1] https://www.ainvest.com/news/solana-8-1-weekly-surge-catalyst-long-term-growth-fleeting-correction-2508/
[2] https://en.coinotag.com/galaxy-multicoin-and-jump-may-seek-1-billion-solana-treasury-with-cantor-fitzgerald-as-lead-banker/
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