Solana’s User Base Plummets: Is the Price-Holding Trend Sustainable?

Solana’s active addresses experienced a sharp decline of 60% in just four months, raising concerns about user retention and long-term network adoption. Despite this drop in network activity, SOL price remains relatively stable, potentially indicating strong investor confidence despite these market dynamics. However, sustained declines in user engagement could negatively impact Solana’s growth trajectory by hindering ecosystem expansion and ultimately impacting its valuation. Crypto Analyst Ali’s recent X post reveals a significant dip in Solana’s network activity, shedding light on this concerning trend.