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Solana ecosystem indicators improve with network activity, helping to shape recovery

2026-07-11 12:07:16
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Solana ecosystem indicators improve in online activity, helping price recovery.

The Solana ecosystem continues to improve in performance, thanks to high transaction volume, increased revenue from decentralized applications, and The number of tokenized assets continues to expand. Despite fluctuations in SOL prices, blockchain indicators show that the ecosystem is attracting users and investors. Recent network statistics show that Solana is one of the most active blockchains in blockchain activity. At the same time, technical signals suggest buyers are trying to form a short-term rebound.

High online transaction volume persists

According to blockchain dashboard data, Solana can still process up to 100 million transactions per day. The successful execution of these transactions accounts for the largest proportion of all online transactions. The most significant milestone came in early July, when the number of non-voting transactions exceeded 1 billion for the first time. Non-voting transactions represent actual user activity, not communication between validators. The average daily number of active addresses also remained high, reaching an average of 1.93 million per day, while DEX transaction volume averaged approximately US$2.09 billion per day. These statistics show that despite widespread uncertainty in the crypto market, users are still actively participating in projects.

Application revenue keeps Solana leading the industry

The application ecosystem on Solana continues to drive significant economic activity. After an accelerated expansion period from late 2024 to early 2025, application revenue has slowed, but remains high by historical standards. In the second quarter, decentralized applications built on Solana generated approximately $262 million in revenue. This figure accounts for approximately 41% of total revenue from Web3 decentralized applications, further confirming Solana\'s position as the industry\'s leading ecosystem of smart contracts. Multiple applications have made substantial contributions to this performance. The largest revenue contributor was Pump.Fun, while other apps such as Jupiter, Raydium, Phantom and Meteora also showed strong activity and transaction volume. App revenue often reflects user engagement, not just speculation.

Activity related to tokenized assets continues to grow

Another area where significant progress has been made is the tokenization of real-world assets (RWA). In the past 30 days, approximately US$8.57 billion has been transferred in the form of RWA, highlighting the growing activity surrounding tokenized financial instruments and blockchain asset transactions. As RWA activities continue to expand, this suggests that Solana is becoming an increasingly important infrastructure layer in the blockchain-based financial sector, whose role goes beyond mere cryptocurrency trading activities. The growth of RWA also shows that more institutional attention is turning to blockchain technology.

SOL prices show positive technical pattern

Despite positive fundamentals on the chain, SOL prices have begun to show signs of recovery. After a weak early opening session, the token rebounded from lower levels and formed a higher low pattern-one of the earliest signs of increased buyer pressure. According to the latest technical pattern, after buyers successfully held this level many times, support appears in the range of $77.00 to $77.20. Maintaining this support level is expected to help maintain a positive recovery trend. The next resistance is between $78.18 and $78.32, after the rally failed to continue due to lack of strength and momentum. Breaking through this level is expected to further improve the technology outlook and attract more buyers.

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