Jan 12, 2026
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Solana Price Rises to $144 as Network Growth Declines
Recent on-chain data indicates a decline in Solana's Network Growth, suggesting weak asset adoption despite recent price recovery.
Key Points
- The Network Growth metric tracks the weekly number of new addresses active on Solana's blockchain. A decrease in this metric implies fewer new users and possibly lower investor interest.
- Despite Solana's price recovery from its December lows, the Network Growth has continued to drop, indicating that the price surge hasn't attracted new investors.
- Historically, sustainable price rallies require an influx of new investors, as increased trading activity fuels momentum.
- In late 2024, higher Network Growth supported Solana's price increase, while current low levels might hinder long-term recovery.
- Since November 2024, Network Growth has experienced a downtrend, falling from 30.2 million to 7.3 million addresses.
SOL Price Update
- Solana's price briefly reached $144 but has since retraced to $139.
