Solana’s blockchain is making waves again. Recent data from Artemis reveals that in June 2025, Solana matched the combined monthly active users of all other Layer 1 and Layer 2 blockchains, a remarkable feat that underscores its burgeoning prominence in the crypto realm. This surge in user activity aligns with Solana’s impressive financial performance, as the network generated over $271 million in revenue during Q2 2025.
Solana’s Market Dynamics
Despite the impressive user growth, Solana’s token experienced a slight dip in recent days. Between July 6 and July 7, SOL fell by 1.45%, dropping from $151.41 to $149.21. This decline comes as the broader crypto market, represented by the CoinDesk 20 Index, also stumbled, marking a 0.56% decrease over the same period. However, Solana’s trading dynamics reveal some intriguing patterns. The token oscillated within a $4.58 range, peaking at $153.67 before experiencing a sharp sell-off that drove prices below the significant $150 level. This follows the recent launch of the First Solana ETF, which saw SOL’s price jump by 5%.
“Solana’s recent price movement reflects typical market fluctuations,” commented crypto analyst Jenna Thompson. “But its ability to maintain a strong user base and generate substantial revenue is what sets it apart.”
The Power of Numbers
According to Artemis, Solana’s user numbers are not just impressive—they’re groundbreaking. Matching the active addresses of all other blockchains combined is no small feat. And this isn’t just about user numbers. Solana has also led the pack in network revenue for three consecutive quarters, driven by transaction fees and out-of-protocol tips.
“The consistent rise in network revenue is a testament to Solana’s robust ecosystem,” said blockchain expert Michael Lee. “It speaks volumes about its sustainable fee model and overall activity, which could very well support long-term value.”
The network’s capacity for high-speed transactions continues to attract both developers and users, bolstering its reputation for efficiency. As the blockchain landscape becomes increasingly competitive, Solana’s infrastructure remains a significant draw. This is further evidenced by Solana’s recent performance alongside major cryptocurrencies, as detailed in Solana Skyrockets as Bitcoin and Ethereum Grind Higher.
Navigating Market Volatility
While Solana’s recent price dip might raise eyebrows, it’s essential to consider it in the broader context of market volatility. The drop below the $150 mark was accompanied by increased trading volume, suggesting heightened interest at this level. By the session’s end, SOL had rebounded slightly, closing at $149.31.
The current technical analysis highlights a resistance point at $153.67, where trading volume spiked significantly. Despite the bearish sentiment in the short term, the network’s underlying strengths could provide a buffer against prolonged downturns.
Looking ahead, the real question is whether Solana can maintain its momentum. With its impressive user base and revenue figures, the blockchain seems well-positioned to weather market challenges. However, as with any technology-driven sector, the landscape is ever-evolving. Solana’s next steps will be closely watched by both investors and industry insiders as they navigate these uncharted waters.
Source
This article is based on: Solana Matches All Other Chains Combined in Monthly Active Users, Artemis Data Shows
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
