Solana Daily Active Addresses Plunge to 12-Month Low Amid Memecoin Cooldown
Solana daily active addresses have tumbled from around 9 million at the start of 2025 to a 12-month low of 3.3 million on a seven-day moving average, driven by the cooling memecoin craze that fueled record network usage last year. This sustained decline points to waning on-chain demand, which may exert short-term pressure on SOL price and Solana-based DeFi projects. Traders should track daily active addresses alongside transaction volume and developer activity to gauge network health. While blockchain ecosystems often cycle through periods of low engagement, the current dip could present a tactical buying opportunity for those focused on upcoming projects and long-term adoption beyond speculative trading.
Bearish
The sharp decline in daily active addresses—from roughly 9 million to 3.3 million—signals a drop in user engagement and on-chain demand, factors that typically weigh on SOL’s price in the short term. Reduced network activity undermines investor confidence and may trigger further selling pressure on Solana-based assets. Although blockchain ecosystems often rebound through new projects and renewed developer interest, the immediate effect is negative. Traders should remain cautious, monitoring key metrics like transaction volume and developer contributions for signs of recovery before assuming a bullish stance.