Solana in for Major Gains, According to Crypto Analyst – Here’s Why

Jamie Coutts, Real Vision's chief crypto analyst, anticipates a significant breakthrough for one of Ethereum's (ETH) main rivals.

He noted that Solana’s active address count has surged by 276% over the past three months, outpacing growth on other smart contract platforms. Coutts believes this rapid increase, combined with a recent price correction for SOL, suggests that the network’s metrics are setting the stage for a major upward trend. He compared the current market conditions to a “coiled spring ready to leap.”

In his analysis, Coes also examined recent activity on other major smart contract networks. Ethereum has seen transaction fees climb by 77%, potentially marking the end of a down cycle, although price momentum remains sluggish at 21.9%.

TON experienced a 208% increase in active addresses and a 103% rise in fees, but price growth was limited to 26.1%, possibly due to the impact of issues involving the Telegram CEO.

The SUI network showed strong activity, with fees jumping 236% and active addresses up by 74.9%. TRON demonstrated momentum in stablecoin transfers, as daily fees increased by 30.4% to $6.39 million across 2.1 million active addresses. NEAR’s growth has slowed slightly, yet it continues to hold the second position in active addresses, exceeding 3 million.

Coutts also highlighted the recent announcement by Stripe to support global USDC payments on the Ethereum, Polygon, and Solana blockchains, which he views as a positive development for tier-one networks, potentially boosting adoption in the crypto payments space.