$BTC Sol/Ustd Solana bulls have fiercely defended the $90 support level amid intense volatility in the cryptocurrency markets. At the time of writing on Jan. 18, SOL price is trading north of $103.
Vital on-chain data shows that Solana has substantially increased its fundamental growth metrics this week.
TokenTerminal’s active user count data tracks a blockchain network’s participation rate by aggregating the daily number of unique addresses that carry out valid transactions within a given period.
Solana’s daily active user count reached 429,162 addresses on Jan. 17, its highest in 2024. Notably, the last time Solana network activity reached these heights was Dec. 25, when the SOL price briefly crossed $126.
