Solana’s network is putting up record numbers, but its price tells a different story. The gap between on-chain activity and token performance is the central tension for SOL right now.
In the week ending July 6, Solana cleared more than 1 billion non-vote transactions for the first time ever. Weekly active wallet addresses surged from 16.8 million to 29.7 million in just two weeks.
Analyst Ali Charts noted on X that Solana “continues to see strong network growth, with an average of 8.4 million new addresses joining each week.” That kind of steady user growth is backing up what the transaction data already shows.
Solana $SOL continues to see strong network growth, with an average of 8.4 million new addresses joining each week. https://t.co/qYKznwKKhX pic.twitter.com/VtMFJcfHzv
— Ali Charts (@alicharts) July 13, 2026
Tokenized assets on Solana now stand at $3.3 billion, up $1.1 billion since May 9. Solana holds around 97% of on-chain tokenized stock trading volume, with $318.7 million in tokenized stocks on the network.
A major catalyst is on the horizon. Open USD (OUSD), a new stablecoin backed by more than 140 financial institutions — including BlackRock — is set to launch natively on Solana later this year. The consortium chose Solana as its launch chain, which could bring billions in new capital to the network.
Despite the activity, Solana’s tokenomics create a disconnect. Transaction fees on the network are so low that only around 1% of new coin issuance is burned. That means on-chain activity alone is unlikely to drive major price gains for holders without tokenomic changes.
On the price side, SOL is under pressure near $75. The token broke below a rising channel after being rejected repeatedly from a descending trendline near $78-$79.
$SOL Solana got rejected as expected, made lows near 75s. Looking more and more bearish with time. https://t.co/jmngYaj8Wg pic.twitter.com/b7T5iAYF4O
— Team LAMBO (@TehLamboX) July 12, 2026
If buyers cannot reclaim the $78-$79 area, the next support sits at $73-$74. A break below $75 could eventually bring $60 back into focus.
On the upside, a confirmed reclaim above $78.50 would improve short-term structure. If that holds, $95 becomes the next major target.
SOL’s price at $75 puts it well below the levels needed to reflect the network’s record activity. The tokenized stock figure of $318.7 million still trails Ethereum’s $648.9 million in tokenized equity value.
The post Solana (SOL) Price: The Network Is Booming — So Why Is SOL Struggling? appeared first on CoinCentral.
