Market Overview

Solana has achieved 23.45 million active addresses as of July 6 data, outpacing BNB Chain's 10.6 million. The network processed 2.1 billion transactions in June with 11.44 million wallets holding ≥0.1 SOL, demonstrating robust ecosystem health while SOL trades around $150.76.

Key Drivers

• Regulatory Progress: SEC approval of REX-Osprey Solana ETF (7.3% yield)

• DeFi Growth: TVL increased from $6B to $8.6B since April

• Technical Advancement: Enhanced by logistics integration and Layer 2 solutions

• Institutional Interest: Significant purchases including 18,000 SOL by DeFi Development Corp

Trading Implications

• ETF approval creates potential price catalyst through institutional inflows

• Rising DeFi TVL suggests strengthening fundamentals

• Monitor whale wallets for early signals of accumulation/distribution

• Consider SOL-paired assets for ecosystem exposure

Community Sentiment

Binance community discussions show increasing optimism about Solana's network dominance, particularly highlighting sub-$0.01 transaction fees and 65,000+ TPS capacity. Retail traders focus on meme coins while institutional players emphasize staking yield potential.$SOL