Solana – All about its network activity and whether its price can catch up

Solana shows a significant increase in active wallet addresses, surpassing 11.1 million, indicating growing user interest despite price corrections.

The Total Value Locked in Solana has decreased from 11.7 billion USD in January to 6.2 billion USD, signaling reduced DeFi capital amid market volatility.

Current SOL prices trade below 50-day and 200-day moving averages, displaying a bearish trend, yet signs of accumulation hint at possible future price increases.