🟣The Solana blockchain has seen a sharp drop in network activity, with daily transactions falling from 125 million to 64 million. At the same time, the SOL token continues to rise, a divergence that has raised concern among analysts, according to CryptoOnchain. The disconnect between price and network usage may suggest a more speculative rally and a weakening of real demand within the ecosystem.
🟣Experts note that a large share of Solana’s transactions are validator voting operations that sustain consensus. The key question is whether user-driven activity — DeFi interactions, NFT trades, and token transfers — has also declined. If so, the price rally could prove fragile. However, the drop in on-chain volume might also reflect network optimization, not necessarily a loss of engagement.