#What is driving Solana's recent growth?
Recently, Solana's network has experienced exceptional growth, with approximately 1.6 million new addresses established by mid-2026. Daily active addresses have reached impressive figures, ranging from 2.5 million to nearly 7 million, and weekly active addresses nearly hit 30 million. As the SOL token trades at around $80.92, the disconnect between its performance and pricing is sparking interest among value-oriented traders.
As if to indicate further potential, the SuperTrend indicator on Solana's three-day chart has issued a buy signal for the first time since early 2025.
#How strong is the on-chain performance?
In June 2026 alone, Solana processed an astounding 3.8 billion transactions, averaging around 100 million transactions per day. Additionally, the volume of tokenized equities on Solana exceeded $100 million on certain days, with tokenized assets accounting for as much as 99% of total transactions on significant trading days.
Despite fluctuations in SOL's price, which have remained between $79.71 and $82.14 recently, the network has shown substantial year-over-year growth in its monthly active addresses throughout 2026.
#Why might the price not reflect the fundamentals?
The gap between Solana's robust fundamentals and its current pricing has led several analysts to suggest that SOL may be undervalued. When a blockchain network consistently handles billions of transactions each month while attracting millions of new users, it stands to reason that the token price should eventually align more closely with this reality. Many are now eyeing the $100 price point, which is psychologically significant and sits roughly 23% above current trading levels.
#What should investors pay attention to?
The importance of the SuperTrend buy signal cannot be overstated, as it is a rare occurrence on the three-day chart. Its previous indication occurred early in 2025. The increasing volume of tokenized equities traded on the Solana network further consolidates its strategic position at the junction of cryptocurrency and traditional finance.
However, investors should recognize that technical signals can falter, especially in the context of broader market downturns that could easily overshadow Solana’s positive indicators. The recent close trading range of SOL between $79 and $82 exemplifies this risk, as a breakdown below established support levels could negate any bullish signals.
For those considering investment, it’s essential to monitor daily active addresses, transaction volume, and the progression of tokenized assets. If Solana continues to sustain 100 million daily transactions and brings in over a million new addresses regularly, it becomes increasingly difficult to rationalize the disconnect between network fundamentals and the token price.