Solana added 1.60 million new addresses over the past two weeks, giving SOL a fresh onchain growth signal as traders look for signs that the network’s activity recovery is spreading beyond price action.
The increase points to a faster pace of wallet creation across the Solana network during a period when SOL has been trying to recover from broader market weakness. New addresses do not equal new users one-for-one, since traders, bots, apps and existing users can create multiple wallets. Still, a sharp rise in address creation can show expanding participation when it appears alongside higher app usage, liquidity growth or stronger transaction demand.
SOL recently traded near $78, keeping the token below the $100 level that bulls have struggled to reclaim during the latest market cycle. The address-growth print gives the market a cleaner activity signal while price remains stuck in the same range that has defined Solana’s recent recovery attempts.
Solana’s 3-day SuperTrend also recently flipped to a buy signal for the first time since October, adding a technical layer to the network-growth story. The signal does not confirm a breakout by itself, but it gives traders another reason to watch whether SOL can turn stronger onchain activity into price momentum.
Tokenized Equities And Payments Add To The Solana Bid
The new address growth comes as Solana’s market narrative has widened beyond memecoins and retail trading. Tokenized equities have become one of the strongest recent activity drivers, with Solana-based products tied to xStocks and Backpack helping push reported onchain equity trading to about $380 million in a 24-hour period last month.
That activity has kept Solana in the center of the RWA trade. Tokenized stock products need fast settlement, wallet support, exchange access and stablecoin liquidity, all areas where Solana has been competing for institutional and retail flow.
Payments have added another channel. KG Inicis recently signed a Solana agreement to test stablecoin checkout, split payments and tokenized merchant rewards across one of Korea’s largest online payment networks. Mastercard has also moved deeper into stablecoin settlement on Solana, giving the chain a clearer role in 24/7 money movement rather than only speculative trading.
The combination of tokenized equities, payments and stablecoin settlement gives new-address growth a stronger backdrop. Wallet creation carries more weight when the network is also being used for trading, payments, merchant settlement and RWA rails.
SOL Still Needs Price Confirmation
The address surge gives bulls a stronger activity signal, but SOL still needs price confirmation. A sustained move above the low-$80 area would put the next resistance band closer to $90, while a stronger breakout would reopen the $100 level that traders have watched throughout the recent recovery phase.
Derivatives positioning has already been building around that setup. Solana open interest recently hit a five-week high as traders added exposure while tokenized-equity activity kept SOL in focus. Higher open interest can support a stronger move if spot demand follows, but it can also raise liquidation risk if the price stalls.
The weaker path remains a return below the mid-$70 area. If SOL loses that zone while address growth stays high, the market may treat the new wallets as activity without enough buying pressure. If SOL holds the range and pushes higher with volume, the 1.6 million-address increase becomes part of a cleaner recovery structure.
Solana has a fresh network-growth print and an improving technical setup. SOL recently traded near $78, with the next test sitting between the low-$80 area and the broader $90 to $100 resistance zone.
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