
Solana (SOL) noticed a pointy uptick in on-chain exercise Tuesday, logging over 14.6 million lively addresses in a single day—whilst its worth dipped barely.
The surge, highlighted by analyst Ali Martinez, factors to rising consumer engagement throughout the community.
This wave of exercise comes amid rising hypothesis round a possible Solana ETF. The SEC has reportedly requested candidates to revise or resubmit ETF filings by the tip of July, a transfer analysts view as an indication of progress. Bloomberg’s James Seyffart referred to as the continuing communication “a optimistic sign.”
In the meantime, Solana continues to outperform rival blockchains in community income. In response to SolanaFloor, the protocol led all layer-1 and layer-2 chains in Q2 2025 for the third straight quarter, incomes over $271 million—outpacing TRON by greater than $100 million.
Regardless of these bullish indicators, SOL is buying and selling barely decrease at $151.17, down 0.86% prior to now 24 hours. The drop might replicate uncertainty because the SEC delays its determination on Constancy’s Solana ETF proposal whereas concurrently rolling out a brand new framework to streamline future crypto ETF approvals.
The broader investor sentiment round Solana stays cautiously optimistic. As consumer exercise hits all-time highs and ETF hypothesis intensifies, SOL could possibly be poised for renewed upside—significantly if regulatory readability emerges and institutional entry expands by way of a greenlit ETF.