Solana Actives Hit 15.3M (+106.9%) While BNB Chain Sheds 12.5% of Weekly Users
On-chain user data and perp positioning point to concentrated activity on Solana as stablecoin settlement volume sets a new record in June.
Solana’s weekly active address count printed 15.3 million, a 106.9% expansion over the trailing 30 days and the top reading among major Layer-1s tracked in current on-chain data. SOL itself changed hands at $82.78, up 1.16% on the day, on 24-hour volume of $3.19 billion.
Derivatives positioning leans directional: open interest splits 64.9% long versus 35.1% short, with funding at +0.0027% and longs paying the carry. RSI(14) sits at 65.6 with an upward-trending read, pivot marked at $81.92, and resistance stacked at $83.94, $87.51 and $94.08.
User dispersion widens across chains
The address growth isn’t uniform across networks. BNB Chain’s weekly active users contracted 12.5% to 13 million, while Tron held third with 8.7 million — both trailing Solana’s pace by a wide margin.
Inside the Solana stack, the growth is also concentrated rather than broad-based. Jito (JTO) posted 1.8 million active users, up 196.4%, pointing to a cluster of activity around liquid-staking and MEV flows rather than an even distribution across the ecosystem’s application layer.
Stablecoin settlement volume clears $1.79T
Separately, adjusted stablecoin settlement volume — filtered for bot activity and exchange transfers — hit an all-time high of $1.79 trillion in June, up 63% from May’s $1.1 trillion and 125% higher year-over-year against roughly $795 billion a year earlier. First-half 2026 volume already totals $8.82 trillion, surpassing the full 2024 figure of $5.8 trillion.
Circle’s USDC has extended its share to roughly 70% of adjusted stablecoin volume in H1 2026, against USDT’s 25% — a reversal of 2020, when USDT commanded near 90% of the same metric. Standard Chartered and BNY both launched USDC-based services in recent weeks rather than building proprietary settlement rails, adding institutional weight behind the token’s treasury and payment use cases.
Macro backdrop stays defensive
Risk sentiment remains subdued: the Fear & Greed Index reads 24/100, Bitcoin dominance stands at 69.3%, and total crypto market capitalization is $1.86 trillion. Fed governor Christopher Waller has separately floated a target inflation range over a fixed number, while warning that shifting the target now could dent Fed credibility — noting the labor market has stabilized even as inflation risk has tilted upward.
Read more: Altcoins Ex-ETH Erase 22.84% in H1: SOL Down 70% From ATH, ADA Back to 2020 Levels
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