Solana Price Reaches Record High, But Network Activity Plummets

Solana’s price has surged to a new all-time high of $262.56, exceeding previous records. However, the network activity experienced a significant drop, with daily transactions falling by almost 50% since July 2025. This contrasts sharply with the impressive price surge, raising concerns about the long-term sustainability of this growth. CryptoQuant data reveals that daily transactions on the Solana blockchain peaked at 125 million in July 2025, and have now dropped to approximately 64 million. Experts believe these declining transaction volumes may indicate a lack of underlying network activity supporting the sustained price increases.