Solana remained in focus after Solana Hub reported that the network recorded the highest number of active addresses among major blockchains over the past week.

The update came as SOL showed signs of stabilizing around an important support area following another extended phase of sideways trading. At press time, Solana was trading at $74.33, up 0.50% over the previous 24 hours.

Although the gain was modest, the level of on-chain activity has drawn attention from market participants watching whether stronger network usage can translate into firmer price action.

Solana Tops Weekly Active Address Rankings

In a post published by Solana Hub, Solana ranked first in weekly active addresses with 18 million active addresses. The network finished ahead of other major blockchains, including BNB Chain, TRON, Bitcoin, and Ethereum.

The post described the list as “Top chain rankings by Active Addresses last 7D,” with Solana leading all tracked networks during the period.

Active addresses are widely used as a measure of blockchain network activity. A rising number of users can indicate demand for applications, transactions, and broader ecosystem participation, making the metric one indicator of network adoption and usage. The figure, however, tracks active blockchain addresses rather than verified individual users, so it is typically read alongside other indicators such as transaction activity, fees, liquidity, and developer or application usage.

Top chain rankings by Active Addresses last 7D @solana @BNB_Hub @trondao @Bitcoin @ethereum @SuiNetwork @0xPolygon @base @RobinhoodApp @arbitrum pic.twitter.com/H2asqzjeDB — Solana Hub (@SolanaHub_) July 25, 2026

Top chain rankings by Active Addresses last 7D @solana @BNB_Hub @trondao @Bitcoin @ethereum @SuiNetwork @0xPolygon @base @RobinhoodApp @arbitrum pic.twitter.com/H2asqzjeDB

TradingView Chart Shows SOL Near Key Levels

A TradingView chart showed Solana trading near $74 after recovering from lows recorded in June. The price was positioned just below the Bollinger Bands midline, placing the $78 area as a key resistance zone.

On the downside, the $73 level continued to serve as immediate support, while a stronger support area was visible near $68. Trading volume has eased in recent sessions, indicating that neither buyers nor sellers have established clear control.

That setup leaves Solana trading within its current range unless a breakout above resistance or a breakdown below support occurs.

Network Activity Has Not Yet Produced Stronger Price Action

The gap between high network activity and limited price movement reflects a broader cryptocurrency market environment in which many altcoins have struggled to maintain upward momentum as investors remain cautious about risk exposure.

Strong on-chain activity does not always produce an immediate price increase. However, it can support the longer-term fundamental outlook for a blockchain network. In Solana’s case, data from DefiLlama showed total value locked, or TVL, remaining stable near $5 billion. TVL measures the value of assets deposited across decentralized finance protocols and is often used to gauge liquidity and participation within a blockchain’s DeFi ecosystem. Together with elevated active address activity, that suggests ecosystem participation has stayed firm despite recent price consolidation.

While the on-chain data supports the view of continued network usage, traders are still waiting for stronger buying momentum before assigning a more bullish outlook to SOL.

Traders Watch $78 Resistance and $73 Support

The next major test for Solana is whether buyers can push the price back above the $78 resistance level. A move above that area could attract renewed market interest and improve short-term sentiment.

If SOL loses support around $73, traders may look to the $68 level as the next major downside target. For now, strong network activity alongside sideways price movement suggests the market is waiting for a catalyst that could determine Solana’s next directional move.

The cryptocurrency market remains highly volatile. Market analysis and price projections are not guarantees, and price movements can change quickly.