- Solana’s active addresses surpassed 5 million in January 2026.
- Significant increase in daily transactions to 87 million.
- Network utilization contrasts price drop of SOL token.
Solana saw a surge in activity in January 2026, with Nansen data showing active addresses exceeding 5 million, and daily transactions increasing to 87 million.
This significant rise highlights Solana’s growing blockchain utilization, despite its native token SOL’s price drop, revealing a disconnect between transactional growth and market value.
Solana’s Network Activity: Over 5 Million Active Addresses
Solana’s network activity accelerated at the start of 2026. Nansen’s data show an increase in active addresses to over 5 million. Daily transactions also surged from 52 million to 87 million. Transaction fees exceeded $1.1 million, underscoring extensive network utilization. However, Solana’s native token, SOL, slipped to $117.38, showing a divergence between user activity and token valuation. Despite heightened activity, there are no statements from Solana’s leadership or major industry players to contextualize these trends. “It appears there are no specific quotes available from primary sources regarding the Solana metrics you’ve inquired about. This is largely due to the lack of confirmed statements or reports from the leadership team, financial institutions, or crypto experts regarding the specific figures you’ve mentioned (active addresses, daily transactions, fees, etc.),” notes a secondary source. Market experts note that metrics demonstrate network strength but do not always correlate with immediate price gains.
Solana (SOL) is currently priced at $115.33, with a market cap of $65.30 billion, holding a market dominance of 2.33%, as per CoinMarketCap. Recent trends show a 6.20% dip in 24 hours and a significant 38.06% drop over 90 days. Trading volumes reached $7.67 billion, exhibiting a vast 90.26% change, pointing to intense market activity. The circulating supply of 566.19 million remains a key consideration in market dynamics. Insights from the Coincu research team suggest that Solana’s recent rise in activity could prompt future regulatory scrutiny. “This underscores a potential need for network scalability to support ongoing growth without pricing volatility,” comments one observer.
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Market Dynamics and Solana’s Pricing Paradox
Did you know? In the past, Solana has seen usage spikes, but they often don’t translate into price increases. This pattern was evident in early 2025 when high activity did not prevent price declines.
Solana (SOL) is currently priced at $115.33, with a market cap of $65.30 billion, holding a market dominance of 2.33%, as per CoinMarketCap.
Explore on-chain data insights for further understanding of these trends.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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