Solana wallet count tops 11 million
SOL wallets reach all-time high
Solana (SOL), one of the leading blockchain projects, is showing strong growth in user activity and a shift in investor sentiment.
As of the end of March, more than 11.19 million wallets are holding at least 0.1 SOL, marking an all-time high in network engagement and mass adoption, according to BlockchainReporter.
Between March 18 and March 27, the number of active wallets holding 0.1 SOL or more rose sharply, reaching 11.198 million. The most significant increase occurred on March 20, highlighting growing interest from both new users and existing holders. This surge in activity coincided with price fluctuations ranging from $132 to $142.97, potentially signaling heightened investment demand during a local uptrend.
Alongside the rise in wallet numbers, Solana has also seen steady outflows from centralized crypto exchanges since June 2024.
Price trends, market signals, and outlook
Despite the expanding user base, SOL’s price remains under pressure. According to CoinGecko, SOL was trading at $125.71 on March 30, reflecting a 1% drop over the previous 24 hours. Trading volume declined to $2.38 billion, while market capitalization fell to $64.4 billion — indicating reduced liquidity and growing caution among traders.
SOL price dynamics. Source: CoinGecko
With user adoption on the rise and continuous exchange outflows, the market is closely watching whether Solana can hold its ground and rally upward, or if the prevailing downward momentum will dominate in the short term.
Previously, Solana celebrated its fifth anniversary. The blockchain platform noted that over the past five years, the network has processed approximately $410 billion in transaction volume.
