Solana
Solana Reaches 13-Month High in Active Addresses Despite Weekly Price Drop to $108.88
Solana traded down at $108.88 on October 9 despite on-chain analytics registering a 13-month peak of 1.88 million daily active addresses.
Solana traded at $108.88 (97.19 euros) on Friday evening, October 9, marking a 5.5% decline from the previous day's $115.23 and bringing its weekly loss to 8.1%. According to CoinGecko data, the asset had a 24-hour trading volume of $3.03 billion and a market capitalization of roughly $64.0 billion, sitting 62.9% below its all-time high of $293.31 recorded on January 19, 2025.
Despite the price downturn, on-chain activity reached multi-month highs. Data from SolanaFloor and Blockworks analytics recorded 1.88 million unique active addresses on the same day, representing the highest single-day count in 13 months, while the token maintained a 5.1% gain over a 30-day window.
Differing analytics methodologies produced contrasting figures for network engagement, with Santiment reporting approximately 4.27 million daily active addresses and a 124% surge in network growth since early September. The report emphasized that active address counts track interacting accounts rather than individual users, with variation across providers driven by differing analytical filters.
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