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.

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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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.