Solana Network Growth Jumps 124%: Here’s Why It Could Matter for SOL

Solana's growing wallet count and rising activity are strengthening the long-term case for SOL. Solana appears to be pulling in users at a much faster rate. Since early September, network growth has risen 124%, with about 1.71 million new wallets being created each day. Activity is rising too. Network Growth Accelerates According to Santiment’s latest findings, daily active addresses are up 58% over the same period, having reached around 4.27 million unique wallets. In other words, more people are not just creating wallets but actually using the network. The growth gives SOL a stronger long-term case if the trend continues. Santiment explained, “Networks that attract more users and real utility have historically had greater potential to support higher market caps over time. If Solana keeps expanding its active user base, rising network value can eventually follow.” At the time of writing, SOL is trading near $115 after a fresh 3% decline over the past day. The crypto asset broke its own channel support on the four-hour chart after a rejection near $120 this week. The breakdown has put $114 in focus. If that level fails, Ali Martinez believes that $111 could be next. According to tr...