Solana Matches Entire Blockchain Ecosystem in Active Users, Maintains Revenue Leadership Despite Price Dip

Solana (SOL) saw a modest pullback over the past day, slipping 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. Meanwhile, the broader crypto market—as tracked by the CoinDesk 20 Index—fell 0.56% during the same period.

SOL traded within a broad $4.58 range, hitting a high of $153.67 before encountering heavy selling pressure that pushed prices below the key psychological level of $150. Notably, heightened trading volumes near the session’s low indicated significant buyer interest around the $149 support zone, helping SOL inch back to $149.31 by the session’s close.

Despite this short-term price weakness, fresh on-chain data underscores Solana’s growing dominance in blockchain activity.

Analytics platform Artemis reported that in June 2025, Solana matched the combined monthly active addresses of all other Layer 1 and Layer 2 blockchains—a striking milestone signaling robust user engagement. Simultaneously, Solana achieved record network revenue of over $271 million in Q2 2025, per data from Blockworks. This marks the blockchain’s third straight quarter leading the entire sector in revenue generated from transaction fees and out-of-protocol tips.

These figures reinforce Solana’s position as one of the most utilized blockchains in the industry, demonstrating both significant user activity and strong economic throughput. The consistent rise in network revenue also highlights the sustainability of Solana’s fee structure and ecosystem engagement, even amid market turbulence. As more developers and users adopt Solana’s high-speed, scalable infrastructure, these trends could support long-term value for SOL despite the near-term technical hurdles.

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.
• The trading range spanned $4.58 (3.07%), with a session high of $153.67 and a low of $149.09.
• Resistance emerged at $153.67 following a volume spike of 925,497 tokens during the 21:00 UTC hour on July 6.
• In the final four hours of trading, SOL decisively broke below the $150 mark on strong volume, signaling short-term bearish sentiment.
• From 17:41 to 18:40 UTC on July 7, SOL fell from $150.27 to $149.72.
• A sharp sell-off occurred between 18:16 and 18:17 UTC, with price touching $149.42 amid a volume surge exceeding 57,000 tokens.
• Buyers stepped in at the $149 support level in the session’s final minutes, sparking a modest 0.37% rebound from the day’s low.