Solana has reached a record high of 14.6 million active addresses, indicating increased user engagement across the network.
Speculation about a potential Solana ETF is on the rise, with the SEC requiring applicants to revise or resubmit filings by the end of July, a move seen as a positive signal by analysts.
Solana has outperformed other blockchains in network revenue by earning over $271 million in Q2 2025, surpassing TRON by more than $100 million for the third straight quarter.
Despite these positive developments, SOL is currently trading slightly lower at $151.17, reflecting uncertainty as the SEC delays its decision on Fidelity's Solana ETF proposal and introduces a new framework for crypto ETF approvals.