Share
Solana (SOL) traded at $73.98 during Tuesday’s session after the network posted its strongest week on record for tokenized equity trading, processing $1.36 billion in volume and capturing 96% of activity across all supported blockchains. The record highlights Solana’s growing role in tokenized finance, though the token continues to trade below a technical resistance zone that has capped rallies in recent weeks.
The latest figures suggest tokenized equities are becoming an increasingly important source of activity on the Solana network. Data shared by SolanaFloor showed the network handled its largest weekly tokenized equity volume to date, while Token Terminal reported that 262,300 unique addresses now hold tokenized equities and exchange-traded funds (ETFs) on Solana.
NEWS: @Solana recorded its biggest week ever in tokenized equities, reaching a record $1.36B in trading volume and capturing 96% of all tokenized trading activity across chains. pic.twitter.com/DCmxtyxduS
— SolanaFloor (@SolanaFloor) June 29, 2026
Network activity also accelerated alongside that growth. Santiment reported active addresses climbed to 4.51 million, the highest level since February, linking the increase to rising adoption of tokenized stocks, stronger decentralized finance participation, and growing interest surrounding xStocks. According to data shared by the Tokens on Solana X account, Solana processed a record 963 million non-vote transactions during the week.
✍️ TL;DR: Solana address activity hits 4-month high thanks to tokenized stocks
📊 Metrics used: Active Addresses
🔗 Link to chart: https://t.co/6AyiXkUd4q📈 Solana’s on-chain activity is heating up fast, with active addresses jumping to 4.51M since Saturday, the network’s… pic.twitter.com/vFb0n4pZZ0
— Santiment Intelligence (@SantimentData) June 29, 2026
Those metrics complement other recent developments across the ecosystem. Over the past month, Solana attracted more than $137 million in cross-chain bridge inflows, maintained average daily decentralized exchange volume above $4 billion, and held roughly $16.4 billion in stablecoins. Circle also minted $910 million of USDC (USDC) on Solana, while partnerships with MoneyGram and Toss Bank continued expanding the network’s payments footprint.
Improving network fundamentals have yet to translate into a decisive price breakout because broader market conditions remain the dominant driver.
Bitcoin has struggled to regain momentum following heavy institutional selling pressure, including large spot ETF outflows in June. That has limited demand across the wider altcoin market, leaving Solana trading within a relatively narrow range despite stronger onchain data.
Institutional positioning offers a mixed picture. While Bitcoin (BTC) and Ether (ETH) spot ETFs recorded net outflows on June 29, Solana products attracted $5.52 million in net inflows, suggesting some investors are rotating toward selected alternative assets instead of exiting crypto altogether. The inflows remain modest compared with Bitcoin’s daily redemptions, so they haven’t yet shifted broader market sentiment.
The technical picture also supports a cautious outlook.
SOL has repeatedly tested resistance around $76-$77, where a descending trendline converges with the 50-day simple moving average (SMA). Buyers have yet to establish a sustained move above that area despite improving network fundamentals.
Support remains concentrated near $72, with additional buying interest between $68 and $67 if selling pressure increases. Recent trading has shown buyers defending those levels, helping SOL stabilize near $74 instead of revisiting June’s lows.
Some momentum indicators have improved, including a recovering relative strength index (RSI) and a bullish moving average convergence/divergence (MACD) crossover reported by several market trackers. Those signals suggest selling pressure has eased, though they stop short of confirming a broader trend reversal while the price remains below resistance.
Solana’s recent performance highlights an important distinction between network growth and token price.
Tokenized equity trading, rising address activity, expanding stablecoin liquidity, and continued institutional interest all strengthen the network’s long-term fundamentals. Those developments also represent higher-quality activity than the speculative trading cycles that previously dominated parts of the ecosystem.
At the same time, market participants are still trading within a macro environment shaped largely by Bitcoin’s direction. Until broader crypto sentiment improves and SOL establishes acceptance above the $76-$77 resistance zone, the record growth in tokenized equity trading alone is unlikely to produce a sustained breakout.
For now, Solana enters the second half of 2026 with some of its strongest network metrics on record, while SOL remains below a resistance zone that will determine whether stronger network activity can translate into a sustained price recovery.
Share
preferred on
