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7M Active Addresses, Morgan Stanley Access & SOL Still at $75
Audio is available on Spreaker — see link below.
Solana hits record network metrics — 7 million active addresses, 96% of tokenized equity volume — yet SOL stays pinned at $75. From Morgan Stanley's E*Trade rollout to the Across Protocol bridge hack, here's what's driving the gap between fundamentals and price.
Audio is available on Spreaker — see link below.
Solana just hit seven million active addresses and over a thousand transactions per second, both yearly records, and the price is sitting at seventy-five dollars. That's the tension at the center of everything happening in this ecosystem right now.
The most significant institutional development this week was Morgan Stanley completing its E*Trade SOL spot trading rollout. Eight point six million eligible retail clients can now buy SOL directly alongside Bitcoin and Ethereum through a mainstream brokerage account.
On the institutional side, Circle minted two hundred fifty million USDC on Solana on July eighteenth and nineteenth, bringing total two thousand twenty-six mints to seventy point two six billion dollars. That's the largest stablecoin inflow concentration on any chain by velocity this year.
Not everything this week pointed upward. On July seventeenth, a security incident on the Across Protocol cross-chain bridge exposed a vulnerability in Solana's interoperability layer.
Robinhood Chain launched July first with strong headlines. Three billion dollars in first-week DEX volume, one hundred eighty-five million dollars in total value locked.
One quieter development worth noting: Grayscale cut management fees on its GSOL product and added quarterly staking reward distributions. That puts it in more direct competition with Bitwise's BSOL, which stakes roughly one hundred percent of holdings and delivers over seven percent annual yield.
The central question the market hasn't answered yet is straightforward. Solana's network fundamentals and institutional infrastructure have expanded significantly this year while the token has done the opposite.
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