Solana Network Activity Hits Highest Level Since February Amid Meme Coin Surge

Solana's network activity has hit its highest level since February, with active addresses reaching 4.51 million. This surge in activity comes despite a broader market pullback, with Bitcoin and Ethereum both declining over the past week.

The Solana network saw a 7% gain in price over the same period, trading at around $73.54. Tokenized stock transfers on the platform have been driving much of this activity, with Santiment noting that record growth in tokenized equities has been tied to Solana's recovery above key technical levels.

Tokenized stock transfer volume on Solana crossed $10 billion last week for the first time, a milestone that is giving traders reason to take the platform more seriously. As Santiment noted, 'The bigger story is that Solana is becoming a go-to chain for real trading activity.'