- Solana’s 24h active addresses and network growth have dropped while its price continues to rise.
- The RWA asset value on Solana reached $500.10M, setting a new all-time high.
- RWA wallet holders on Solana grew 5.27% to 66,732 in the last month.
Blockchain analytics platform Santiment has flagged a bearish divergence in Solana’s key on-chain metrics. While the price of SOL continues its upward trend, the number of active 24-hour addresses and the network growth rate have both been declining.
A chart released by Santiment shows Solana’s price, marked in green, climbing steadily. However, activity indicators, shown by red and orange bars, are moving downward.
This pattern suggests that while investor interest may appear strong from a price perspective, actual network usage is shrinking. Analysts interpret such divergence as an early cautionary signal, especially when mirrored with similar patterns from earlier market cycles.
Maksim from Balance Research noted that these are the first broader on-chain metrics for Solana outside of social media trends. He stated, “These early signals reflect trends we’ve observed during major cycle shifts in past years.”
RWA Sector on Solana Continues to Expand
Despite concerns from falling address activity, Solana’s role in the real-world asset (RWA) space continues to grow. According to data from RWA.xyz, the total value of RWA assets listed on the Solana network hit a record high of $500.10 million on Monday.
SolanaFloor, a platform focused on Solana ecosystem data, reported a 2.09% increase in RWA project valuations. These gains came alongside a 10% rise in net new inflows over the past 30 days. The number of wallets holding RWA tokens increased by 5.27%, reaching 66,732. Additionally, the number of listed RWA assets has grown to 92.
The total value of RWA-related activity has also risen by 9.19% monthly, to $11.62 billion. Stablecoin holders on the network rose by 3%, to 11.21 million wallets.
Short-Term Price Action and Market Behavior
Solana is currently trading at $198.50, showing a small intraday decline of 0.33%. The price has moved within a narrow band between $198.44 and $199.42, pointing to limited short-term volatility.
Trading volume remains moderate at 3.26K SOL. Chart patterns suggest selling pressure near the $200 level, which has acted as resistance in recent sessions.
If downward momentum continues, the token may test support near $196. On the upside, price movement could face resistance around the $202 to $204 range.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
