Solana Price Stabilizes as Upgrade Progress and Usage Metrics Boost Outlook

Solana's price has stabilized around $75 as traders and institutions take notice of its improving fundamentals.

The token consolidated in the mid-$75 range, up 1.88% over the past 24 hours, despite being down -9.77% over the past 60 days and -10.23% over the past 90 days.

The network is advancing a major performance upgrade called Alpenglow, which aims to cut transaction finality to below 150 milliseconds.

Solana's usage metrics are also strong, with approximately 18 million active addresses recorded over the most recent week, making it the leader in weekly active addresses among major blockchains.