In today’s crypto update, Solana has recorded another major milestone. The blockchain added over a million new addresses over the past two weeks, highlighting strong network growth. The surge suggests that more users are joining the ecosystem as investor sentiment continues to improve.
Solana Sees Spike In New Addresses
Recent Glassnode data, shared by market analyst Ali Martinez in a recent X post, shows that Solana added about 1.6 million new addresses over the past two weeks. The data highlights a sharp rise in network growth, with new addresses increasing from around 6.8 million in late June to roughly 8.4 million by early July. The chart also shows that new address creation increased almost every day instead of spiking on a single day.
This suggests that Solana’s network expansion has been steady rather than driven by a one-off event. New addresses are a key indicator of blockchain adoption. Although one user can create multiple wallets, sustained growth over several days often reflects rising interest in the network. Solana has continued to attract users with its fast transaction speeds, low fees, and expanding ecosystem.
Meanwhile, the latest surge in network growth also comes as interest in the Solana ecosystem rises across the broader crypto market. Earlier, the crypto intelligence platform Santiment reported that SOL’s open interest reached a five-week high of $2.3 billion. According to the platform, the increase reflects Solana’s growing role in real-world asset (RWA) products, including tokenized equities, alongside a broader market rotation toward the rapidly expanding RWA sector.
Solana Eyes Bullish Reversal As SuperTrend Signal Emerges
Shortly before sharing the Glassnode data, market analyst Ali Martinez suggested that Solana could be moving from a bearish to a bullish phase. In a separate X post, Martinez said the SuperTrend indicator had triggered a new buy signal on Solana’s three-day chart.
According to Martinez, this is the first buy signal to emerge since the October 10, 2025, market crash, making it one of the strongest bullish technical signals the asset has seen in months. The analyst also noted that the previous sell signal led to a 74% correction in Solana’s price. Thus, Martinez believes the latest buy signal confirms a trend reversal from bearish to bullish. If the pattern holds, he said SOL could climb toward $100.
According to CoinMarketCap, Solana is down 0.3% over the past 24 hours but is still trading around $80. The cryptocurrency also remains the seventh-largest digital asset by market capitalization, reflecting its strong position in the broader crypto market.
The combination of rising network activity, growing derivatives interest, and improving technical indicators has strengthened optimism around Solana. While these metrics do not guarantee an immediate price rally, they suggest that both user adoption and investor confidence continue to build. If the momentum persists, SOL could be well-positioned to extend its recovery in the coming weeks.
The CoinRemark Team
