Solana becomes most widely used blockchain with 98M monthly users and $1.6T volume while price tests critical $130 support.
What's Happening:
$SOL drops 4.19% to $126.39 as broader market selloff intensifies
Solana crowned most used blockchain of 2025: 98M monthly users, 34B transactions, $1.6T volume
Network revenue hits $1.5B in 2025, surpassing Ethereum for the first time
Key support at $130 under pressure - loss could trigger decline below $100
Why It Matters: Despite price weakness, Solana is winning the adoption war. The network processed more transactions, generated more fees, and attracted more users than any other blockchain in 2025. However, mindshare has declined from 2024 peak, and the price has traded in a narrow range, suggesting a disconnect between fundamentals and market sentiment during this fear-driven environment.
Technical View: SOL broke below the crucial $130 support level that held multiple times this year. The next major support sits at $123. Resistance at $140 and $155-160 zone will be key for any recovery. RSI dropping sharply with the broader market rout, and Extreme Fear at 24 suggests caution.
🎯 Key Levels:
Support: $123 | Resistance: $135
24h Range: $123.63 - $135.43
💡 The most used blockchain in 2025 is down 50% from highs - fundamentals eventually win, but timing is everything
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Solana #SOL #Blockchain #DeFi #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
