Solana’s Monthly User Base Matches the Total of All Other Chains Put Together, According to Artemis.

Solana Matches Entire Blockchain Space in Active Users, Maintains Top Revenue Spot Despite Price Dip

Solana (SOL) experienced a mild price decline over the past 24 hours, slipping 1.45% from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC, according to technical analysis by CoinDesk Research. Over the same timeframe, the broader CoinDesk 20 Index dropped 0.56%.

SOL traded within a $4.58 range, peaking at $153.67 before encountering strong selling pressure that pulled prices below the crucial $150 level. Increased trading volume around the session’s low signaled buying interest, helping SOL recover slightly to $149.31 by the close.

Despite the short-term price softness, Solana’s ecosystem remains strong, backed by new on-chain data highlighting significant user activity.

Analytics firm Artemis reported that in June 2025, Solana’s monthly active addresses matched the combined total of all other Layer 1 and Layer 2 blockchains. Meanwhile, Solana set a new record for network revenue, generating over $271 million in Q2 2025, according to Blockworks data. This marked the third consecutive quarter that Solana led the entire blockchain sector in revenue from transaction fees and out-of-protocol tips.

These figures reinforce Solana’s reputation as one of the most actively used blockchains, combining impressive user engagement with solid economic performance. Growing network revenues and high levels of activity could continue to support SOL’s long-term value proposition, even amid short-term technical pressures.

Technical Analysis Highlights

SOL fell 1.45% from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC.
The price range spanned $4.58 (3.07%), with a high at $153.67 and a low at $149.09.
Resistance was observed at $153.67 after a volume surge of 925,497 tokens during the 21:00 UTC hour on July 6.
SOL dropped below the $150 level in the last four hours of the session, signaling near-term bearish sentiment.
Between 17:41 and 18:40 UTC on July 7, SOL fell from $150.27 to $149.72.
A sharp sell-off occurred from 18:16 to 18:17 UTC, with price dipping to $149.42 amid over 57,000 tokens traded.
Buyers re-entered around $149, lifting the token 0.37% from session lows in the closing minutes.