Solana Active Wallets Hit 4.51M as SOL Eyes a $78–$82 Showdown 🪞

Solana's daily active wallets reached 4.51 million, the highest level since February, reflecting accelerated on-chain participation driven by the rise of tokenized equities, increased xStocks activity and a resurgence in DeFi usage. The expansion in network activity occurred alongside capital inflows that have so far stayed within the ecosystem, with stablecoin supply remaining high, net bridge inflows extending their gains, total value locked (TVL) climbing and DEX trading volume continuing to rise. Solana is therefore being supported by growing usage rather than price appreciation alone.

On Monday, June 29, $SOL jumped 7.48%, rallying from $69.74 to a session high of $76.49 before retracing to $73 at press time. That recovery has left the token close to printing its first green monthly candle after nine consecutive red months, a shift that signals improving buyer confidence. Even with that momentum, the $78 to $82 zone remains the market's key barrier after rejecting multiple prior rallies, while $72 has emerged as the level bulls need to defend to preserve a developing higher-high, higher-low structure.

Whether the uptick in users holds beyond the current rally will determine whether the network's recent gains translate into durable adoption or fade as a short-lived spike. Sustained inflows into tokenized assets would likely reinforce longer-term growth, while a slowdown in capital flows could weigh on activity momentum. SOL's next move at the $78 to $82 resistance, or a defense of $72, is set to test whether the prolonged downtrend is finally losing steam.