BeInCrypto • October 8th 2026, 10:24 AM
Santiment Sees a Long-Term Bullish Case in Solana's 124% Network Growth
Key Summary
Solana's 124% network growth since early September has sparked a long-term bullish case, according to analytics firm Santiment, driven by daily active addresses and wallet additions. However, institutional demand has countered this trend, with US Solana ETFs shedding $17.7 million and SOL slipping 1.6% in the past week.
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Growth and User Adoption
Solana's network growth has jumped 124% since early September, according to Santiment. This growth is driven by daily active addresses on Solana, which rose 58% over the same period, bringing the daily count to roughly 4.27 million unique wallets using the network.Tying Activity to Valuation
Santiment ties this activity to valuation, noting that networks with more users have historically supported higher market caps. If Solana keeps expanding its active user base, rising network value can eventually follow. This creates a strong long-term bullish argument for SOL.#Solana#US#Crypto#SEC