Solana Price Climbs as Network Activity Tumbles: Can the Rally Last?

TLDR: Solana daily transaction count dropped from 125M to 64M while its price continued to rise. Analysts warn of a possible divergence between Solana’s market value and on-chain activity. 80–90% of Solana’s transactions are validator votes, not user-driven transfers or DeFi actions. Traders eye Solana ETFs and $600 targets despite slowing network usage and market [...]

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