Despite criticism for several network outages, Solana [SOL] has remained unfazed as it continues to improve its technology. According to Step Data Insights, there has been a huge increase of 150,000 daily active addresses on Solana in the last 24 hours. Furthermore, the entire DEX volume on Solana surged as a result of popular DEXs’ interest in the Solana protocol, such as Sabre. According to Staking Rewards, the number of addresses staking Solana grew by 2.99% in the last week. At the time of publication, the total number of stakeholder on the Solana network was 608,394.
Addresses, on the other hand, did not show the same enthusiasm when it came to purchasing SOL. Solana’s price has dropped by 16.08% since April 17th after testing the $26.03 resistance level. Its Relative Strength Index (RSI) was 48.40, indicating that Solana was somewhat overbought at the time of publication.
