Crypto News Update: Solana Surges as Daily Active Wallets Hit All-Time High

Solana (SOL) is back in the spotlight as it recently set a new record for daily active wallets, exceeding 2.2 million unique addresses interacting with the network in a single day. This marks the highest user activity in Solana’s history—signaling renewed investor confidence and ecosystem growth.

What's Driving the Surge?

Several factors have contributed to Solana’s resurgence in July 2025:

• Increased NFT and gaming activity on Solana-based platforms.
• Major DeFi protocols like Jupiter and Drift have gained traction.
• New memecoin cycles and airdrops have drawn retail users.
• Ultra-low fees and fast transactions continue to attract developers and users from congested Layer 1s like Ethereum.

Market Response

Following the milestone, SOL price surged over 18%, breaking above the $155 mark. Trading volume across both centralized and decentralized exchanges spiked significantly.

Impact on Xoibit Users

Xoibit has seen a 30% increase in SOL-related trading pairs, and Solana-based token listings are under review to meet rising demand. We also support deposits and withdrawals via Solana, enabling fast and low-cost transfers.