Solana (SOL) has experienced an 8.5% price increase, reaching $84.73, yet remains down 31% for the year 2026. Despite the price decline, Solana's network activity is surging, with DeFi total value locked (TVL) hitting new highs and stablecoin inflows continuing to rise. The network is also witnessing a significant increase in memecoin activity, with approximately 30,000 daily launches generating around $100 million in trading volume. Traders are closely monitoring the gap between Solana's robust network usage and its current price performance. Analysts highlight that while network metrics indicate strong adoption, external market conditions and investor sentiment may be influencing the price. The disconnect between Solana's usage growth and its valuation has drawn attention, as market participants evaluate potential future price alignments with network activity.
Solana (SOL) Rises 8.5% Amid Record Network Activity, Still Down 31% in 2026
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