The Solana ecosystem continues to improve in performance, supported by high transaction volume, decentralized application revenues, and the growing number of tokenized assets. Even though SOL has faced price fluctuations, blockchain metrics suggest the ecosystem is attracting users and investors.
Recent network statistics show Solana has one of the highest levels of blockchain activity among other blockchains. Meanwhile, technical signals indicate buyers are attempting to form a short-term rebound.
High Network Transactions Persist
Based on blockchain dashboards provided by Tanaka, Solana is still handling up to 100 million transactions daily. The success of these transactions represents the largest percentage of all network transactions.
The most notable milestone came in early July, when the number of non-voting transactions went above one billion for the first time ever. Non-vote transactions refer to actual user activity rather than communication between validators.
Daily active addresses also remained elevated, averaging 1.93 million per day, while DEX trading volume averaged $2.09 billion daily. These statistics show that users keep participating in the project despite broader uncertainties in the crypto market.
Revenue From Applications Keeps Solana Leading in The Industry
The ecosystem of applications on Solana continues to drive significant economic activity. Following an accelerated expansion period throughout late 2024 and early 2025, application revenue slowed somewhat, though it remains high by historical standards. In the second quarter, decentralized applications built using Solana generated about $262 million in revenue.
As Tanaka noted, this figure represents around 41% of total Web3 decentralized application revenue and confirms Solana’s status as one of the top ecosystems for smart contracts in the industry. Several applications contributed meaningfully to this performance.
The largest revenue contributor was Pump. Fun, while other applications such as Jupiter, Raydium, Phantom, and Meteora also showed strong activity and transaction volumes. Revenue from applications often reflects user engagement, not only speculation.
Activity Related To Tokenized Assets Keeps Growing
Another area seeing meaningful progress is the tokenization of real-world assets (RWA). Over the last 30 days, the amount transferred in the form of RWA was about $8.57 billion, highlighting growing activity around tokenized financial instruments and blockchain asset transactions.
As RWA activity continues to expand, it suggests Solana is becoming an increasingly important infrastructure layer for blockchain-based finance beyond just cryptocurrency exchange activity. Growth in RWA also indicates that more institutional attention is being directed toward blockchain technology.
Price of SOL Shows Positive Technical Pattern
Despite positive fundamentals on-chain, the price of SOL is starting to show signs of recovery. After starting weak at the beginning of the session, the token rebounded from lower levels, reflected in a pattern of higher lows—one of the earliest indications of increasing buyer pressure.
According to the latest technical configuration, support appears at $77.00 to $77.20 after several successful attempts by buyers to defend this level. Keeping this support intact is expected to help maintain the positive recovery trend.
The next resistance stands at $78.18 to $78.32, where previous gains failed to continue due to a lack of strength and momentum. A move above this level is expected to improve the technical outlook further and draw in more buyers.
