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Solana Hits Record 14.6M Active Addresses Amid Growing ETF Speculation

  • 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.

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