Solana has reclaimed the $77 support level, a price point that traders and on-chain analysts have been watching closely. The rebound comes as decentralized exchange (DEX) activity on the network remains elevated, and active wallet counts outpace most other Layer-1 blockchains, according to data published on GitHub.
DEX Volume Stays Hot
Even as broader crypto markets wobbled, Solana's DEX ecosystem kept humming. Trading volumes on protocols like Jupiter and Raydium didn't cool off during the dip, which likely helped prevent a deeper breakdown below $77. That kind of sustained on-chain activity tends to attract both retail and institutional liquidity, giving the network a buffer that some competitors lack.
Active Wallets Tell a Story
Solana's active wallet count is high relative to other Layer-1 networks. The metric, pulled from a public GitHub repository, shows consistent user engagement even when price action is choppy. High wallet activity often correlates with developer interest and real application usage — not just speculative trading. For Solana, that means the network's utility extends beyond simple token transfers.
What the GitHub Data Shows
The source data, hosted on GitHub, tracks daily active addresses across major blockchains. Solana's numbers have remained elevated compared to Ethereum, BNB Chain, and Avalanche over the past several weeks. While raw address counts can be inflated by spam or airdrop farming, the sustained level during a price retest suggests organic demand. The $77 level itself has acted as both resistance and support in previous cycles, making its defense notable.
Whether Solana can build on this momentum depends on broader market conditions and continued developer activity. For now, the network's on-chain metrics are giving bulls a reason to stay engaged.
