Solana’s network just posted the kind of growth numbers that make you do a double-take. Roughly 1.6 million new addresses were created on the network in mid-2026, daily active addresses ranged from 2.5 million to nearly 7 million, and weekly active addresses touched 29.84 million. All of this while SOL trades around $80.92, which is the kind of disconnect that tends to get value-oriented traders very interested.

Adding fuel to the fire: the SuperTrend indicator on SOL’s three-day chart just flashed a buy signal for the first time since early 2025.

The on-chain case for Solana

Solana recorded approximately 3.8 billion transactions in June 2026 alone. That’s roughly 100 million transactions per day.

Tokenized equities volume on Solana surpassed $100 million in a single day, with tokenized assets like $SPCX constituting between 94% and 99% of total transaction volume on notable days.

SOL has been fluctuating between $79.71 and $82.14 in recent sessions. Monthly active addresses have seen substantial year-over-year increases throughout 2026.

Why the price hasn’t caught up yet

The divergence between Solana’s fundamentals and its price is precisely what has some analysts calling SOL undervalued. When a network is processing billions of transactions per month, attracting millions of new users, and capturing meaningful share of the tokenized asset market, the theory goes, the token price eventually has to reflect that reality.

The $100 level has become the focal point. It’s a round number, which gives it psychological significance, and it sits roughly 23% above current trading levels.

What this means for investors

The SuperTrend buy signal matters because of how rarely it fires on the three-day chart. The last time it triggered was early 2025.

Solana’s growing dominance in tokenized equities volume, with single-day figures exceeding $100 million, positions the network at the intersection of crypto infrastructure and traditional finance.

The risk is that technical signals can fail, and a broader market downturn could easily override whatever bullish momentum Solana is building on its own. SOL’s recent trading range of $79 to $82 is tight enough that a breakdown below support could invalidate the buy signal entirely.

For investors weighing an entry, the metrics to watch are straightforward: daily active addresses, transaction volume, and whether the tokenized asset trend continues to accelerate. If Solana maintains its current pace of 100 million daily transactions and keeps attracting new addresses at the rate of over a million per reporting period, the gap between network fundamentals and token price becomes increasingly difficult to justify.