Solana Matches Entire Blockchain Ecosystem in Active Users While Holding Revenue Crown Despite Modest Price Decline
Solana (SOL) edged lower over the past day, dipping 1.45% from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC, according to CoinDesk Research’s technical analysis. Over the same period, the broader CoinDesk 20 Index slipped 0.56%, reflecting a cautious market environment.
SOL’s price traded in a $4.58 band, reaching a high of $153.67 before sellers pushed it below the psychological $150 mark. Despite this retreat, trading volumes increased significantly near session lows, signaling strong buying interest around the $149 level. The price eventually stabilized at $149.31 by the close of the period.
While the short-term price action was subdued, Solana’s ecosystem continues to display impressive momentum.
Blockchain analytics platform Artemis revealed that in June 2025, Solana’s monthly active addresses equaled the combined total of all other Layer 1 and Layer 2 blockchains, a major milestone highlighting the network’s widespread adoption.
Simultaneously, Solana achieved a record $271 million in network revenue during Q2 2025, according to Blockworks data. This marked the blockchain’s third straight quarter leading the entire crypto sector in revenue generated from transaction fees and out-of-protocol tips.
Such robust network activity and economic performance underscore Solana’s status as one of the most widely used and financially sustainable blockchains in the industry. Rising engagement and consistent revenue generation could provide critical support for SOL’s long-term outlook, even amid near-term volatility.
Technical Analysis Highlights
- SOL declined 1.45% from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC.
- Price traded within a $4.58 range (3.07%), peaking at $153.67 and bottoming at $149.09.
- Resistance emerged at $153.67 after a surge of 925,497 tokens traded during the 21:00 UTC hour on July 6.
- SOL dropped below the $150 mark in the last four hours of the session, hinting at short-term bearish sentiment.
- From 17:41 to 18:40 UTC on July 7, SOL slid from $150.27 to $149.72.
- A sharp sell-off between 18:16 and 18:17 UTC pushed the price down to $149.42 amid over 57,000 tokens traded.
- Buyers stepped in around $149, prompting a modest 0.37% rebound from session lows by the close.
