Solana Tops All Chains in Network Revenue for Third Straight Quarter: Blockworks Data

Solana (SOL) declined 1.45% over the previous 24 hours, falling from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC, in line with CoinDesk Research’s technical evaluation mannequin. As for the broader crypto market as gauged by the CoinDesk 20 Index , it’s down 0.56% throughout the previous 24-hour interval.

The token traded inside a large $4.58 vary, peaking at $153.67 earlier than a pointy sell-off drove costs under the important thing $150 psychological degree. Increased quantity close to the session low prompt purchaser curiosity on the $149 assist zone, serving to SOL get well barely to $149.31 on the finish of the interval.

Despite current short-term weak spot, new on-chain information highlights Solana’s rising community power.

According to information from analytics platform Artemis, Solana matched the mixed month-to-month lively addresses of all different L1 and L2 blockchains in June 2025. This person progress comes alongside record-setting community income, with Solana producing greater than $271 million in Q2 2025, in line with information from Blockworks. It was the blockchain’s third consecutive quarter main all chains in community income, which consists of transaction charges and out-of-protocol suggestions.

Together, these metrics underscore Solana’s place as one of the crucial actively used blockchain in the trade, each in phrases of actual customers and financial throughput. The constant rise in community income additionally reinforces the sustainability of Solana’s charge mannequin and ecosystem exercise, even amid unstable market situations. As builders and customers proceed to undertake Solana’s high-speed infrastructure, these utilization developments may assist long-term worth even in the face of near-term value resistance.

Technical Analysis Highlights

• SOL fell 1.45% from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC.
• The buying and selling vary spanned $4.58 (3.07%), with a session excessive of $153.67 and low of $149.09.
• A serious resistance shaped at $153.67 following a quantity spike of 925,497 tokens throughout the 21:00 UTC hour on July 6.
• In the ultimate 4 hours, value broke decisively under the $150 psychological degree with heavy quantity, confirming bearish short-term sentiment.
• Between 17:41 and 18:40 UTC on July 7, SOL dropped from $150.27 to $149.72.
• A pointy sell-off occurred from 18:16 to 18:17 UTC, with value hitting $149.42 on quantity exceeding 57,000 tokens.
• Buyers defended the $149 assist zone in the ultimate minutes, triggering a 0.37% rebound from session low.

Disclaimer: Parts of this text have been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Policy.