In June 2025, the Solana network reached a record number of active users, despite a year-long stagnation in the price of the SOL token. This reflects growing interest in the network, yet the price valuation does not align with this growth.
Record User Numbers
In June 2025, Solana achieved a peak in active users, highlighting the increasing popularity of the platform. Despite this, the SOL token remains within a range of $144 to $167, which does not correspond to previously achieved highs.
Increased DeFi Activity
An impact on the network was also noted from the DeFi sector, where Total Value Locked (TVL) increased by 14% to $11 billion. This indicates heightened user activity and engagement with the ecosystem.
Discrepancy Between User Growth and Token Prices
Despite user growth, token prices remain stagnant, raising questions about market dynamics. Solana co-founder Anatoly Yakovenko emphasized the importance of scalability for onboarding more users: "Scalability and seamless user experience are the core focus for onboarding the next billion users."
While impressive user growth and DeFi activity are noted, the situation with Solana's token prices remains complex. This highlights the need for a new approach to value assessment amid regulatory concerns and market changes.
