Solana tops blockchain usage with 5.8M active addresses daily, despite bearish pressure from the Israel-Iran geopolitical conflict.
Solana's $144 price tests key $140–$150 support, with geopolitical tensions fueling bearish market sentiment post-Israel-Iran attacks.
Month-over-month active users bounced back robustly to 134.73M in May, doubling from Q1 troughs, showcasing Solana's endurance and user demand.
Solana continues as the incumbent in daily blockchain use, boasting the largest number of active addresses and transactions on any chain. However, recent price action near the $140–$150 support level signifies mounting pressure from forces in the broader market.
Solana Surpasses Peers in Usage Metrics
As brought to public by The Solana Post, Solana reached 5.8 million daily active addresses, a 43.4% rise in user engagement. This growth places the network ahead of others, with Near Protocol trailing at 2.9 million and Ethereum recording 495.1K addresses. Polygon PoS and Sui followed with 518.6K and 395.3K users, though both saw notable declines.
https://twitter.com/thesolanapost/status/1933481887445758278
Solana’s dominance is also clear in daily transactions, reaching 99.5 million with a 16.1% increase. In contrast, Aptos handled just 1.1 million transactions despite its 43.8% rise. Ethereum registered 495.1K transactions, and Avalanche topped the list with a 198.3% rise, though starting from a lower base.
Such strong dominance in the usage of the network indicates the depth of Solana's integration into real usage. Despite other networks posting modest gains or facing visible drops, Solana remains structurally ahead in user retention and activity throughput.
Monthly User Base Rebounds Sharply
Solana’s long-term user trends show both strong adoption and a resilient bounce from prior lows. According to a report by DeFi Dev Corp., Solana’s monthly active users surged back to 134.73 million in May 2025, after dropping to 80 million during Q1. This marks a near-doubling in just two months following a mid-cycle correction.
The year-long chart shows remarkable growth from 20 million users in May 2024 to a peak of 160 million in November. Although the subsequent retracement halved user counts, the rebound suggests renewed on-chain participation. This kind of recovery often points to ecosystem developments or shifts in broader sentiment.
Notably, Solana’s ability to re-attract users after a 50% drawdown shows lasting network value. Many other chains fail to recover at this scale after major dips, making Solana’s case structurally unique.
Solana price Action Stalls at Critical Support
Solana’s token price, however, reflects a different picture as it trades near critical technical levels. As of the latest data, $SOL is priced at $144.07, testing the lower end of the $140–$150 support band. This range had flipped from resistance in April 2025 and has since become a battleground for bulls and bears.
The token had rallied from $95 to $195 between April and early May, showing strong upward momentum. But after geopolitical shocks, specifically the Iran-Israel conflict, Solana fell back, showing bearish reactions tied to broader market sentiment.
Repeated rejections at $195 signal clear resistance, while persistent testing of $140–$150 underscores its importance. A break below could shift market structure entirely, making this range one of the most-watched in current crypto trading.
Solana’s Future Hinges on Retaining Engagement
These developments raise key questions for market participants and analysts alike. Can Solana sustain user activity if the price continues to lag? Will elevated on-chain engagement eventually push price higher, or will structural resistance continue to suppress momentum?
Simultaneously, while Avalanche and Aptos show momentary transaction growth, Solana’s blend of volume, engagement, and consistency remains unmatched. Ethereum’s steady posture provides a contrasting legacy view, lacking the same explosive growth.
Amid these dynamics, Solana’s dual identity, high high-utility chain but price-trapped asset, creates a fascinating divergence. Whether that gap closes depends on how markets interpret sustained usage versus speculative sentiment.
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