Solana's Network Activity Hits New High Amid Tokenized Equity Surge

Solana (SOL) bucked the trend and rose 7% in seven days, while Bitcoin (BTC) fell nearly 5% and Ethereum (ETH) dropped about 6% over the same period. The network's active addresses reached a high of 4.51 million, its highest level since February.

The increase in activity was driven by tokenized stock transfers and meme coin trading. Tokenized equity volumes on Solana crossed $10 billion last week for the first time, with record growth tied to xStocks' rising discussion since June 26 and SOL's recovery above key technical levels.

'The bigger story is that Solana is becoming a go-to chain for real trading activity,' Santiment said, adding that continued momentum would strengthen the case that SOL's bounce has network support.