TLDR:
- Solana Daily Transaction Count dropped from 125 m to 64 m while the price continued to rise.
- Analysts warn of a possible deviation between Solana’s market value and activity on the chain.
- 80-90% of Solana’s transactions are validator voices, not user-powered transfers or defi measures.
- Traders Eye Solana ETFS and $ 600 goals despite slowing down network use and marketing.
The Soana blockchain Shows mixed signals. Prices continue to climb while network transactions decrease sharply. Market observers look closely and try to find out if this is a healthy rally or one based on speculation.
The contrast between rising prices and falling use is to raise questions among analysts. The next few weeks may reveal if the strength of Solan is genuine or if it is running on market hype.
Activity on the chain falls when Solana Price holds firmly
According to CryptoquantSolana’s daily transaction volume has dropped from about 125 million at the end of July to about 64 million. It is almost 50% reduction.
The data was highlighted in an analysis of Cryptoonchainwhich noted that the decline coincided with Solana’s latest price collection.
This gap between price and use is to catch attention. Analysts say it can show that speculation, not real network needs, drives the move.
Under healthy market conditions, higher prices are usually consistent with greater activity over decentralized apps, trade and transfers.
However, the situation may not be so simple. Most of Solana’s transactions, often 80 to 90 percent, come from validation processes that keep the network running. If the current case reflects fewer of these consensus -related measures rather than user transactions, concerns may be overestimated.
Nevertheless, the numbers present an odd picture. Investors want to know about the actual use in defi, nfts and payments fall while token The price continues upwards.
Analysts shared on what comes next for the sun price
At press time, Soana The price remains stable close to $ 223.47, according to Co Ringeckowith $ 7.8 billion in daily trade volume. The token has increased by 0.83% over the past 24 hours but down slightly during the week. Some analysts see this break as a sign of market balance before the next move.
Crypto analyst Jellen. said he expects Solana will see “a fat green light” soon and notes optimism about potential ETF -approval.
He quoted the data from 21 Shares Shows Solana’s annual revenue to $ 2.85 billion, about 30% higher than Ethereum’s growth rate. His price target in the short term is about $ 600, provided speed.
Nevertheless, technical viewers remain cautious. The deviation between Solana’s transaction data and its price measure has some traders that predict a correction on user -driven activity continue to fade.
If Solana’s rally continues or cools depends To a large extent where this transaction case comes from and how quickly the network’s real users come back.
