Solana Network Growth Surges 124%, How High Can SOL Surge in October?

SOL LOGO

Solana Network is once again gaining central spotlight as it continues to take the lead in daily market activities. Solana adoption is significantly growing, as daily active addresses on the Solana network are growing at a rapid pace. Per the recent Santiment data, Solana Network has grown by 124% since September. At the same time, the data adds that the network has created nearly 1.71M each day, pointing to a faster adoption pace. Can such metrics help Solana price gain new momentum in October? 

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Solana Network Gets A Double Boost 

SOLANA LOGO
Source: Binance

Solana is currently in the middle of the market spotlight, as it continues to deliver stellar market activity. Per the recent Santiment report, Solana Network growth has jumped 124% since early September. At the same time, the network is creating around 1.71M wallets daily, adding more momentum to its progress. This shows how users on Solana are growing rapidly, signalling the network’s increasing popularity. This shows how wallet creation on Solana is growing rapidly, signalling the network’s increasing popularity.

The data further adds how the network’s daily active addresses have also jumped recently. Solana’s daily active addresses have climbed 58% over the same stretch, reaching 4.27M. The metrics later adds how more wallets are joining Solana, strengthening the networks up a notch. 

At the same time, Solana has also gained a new distribution channel through Samsung. Samsung recently announced that its wallet and pay services will support USDC transfers via the Solana network. 

The eligible users in the US will be able to make use of this service by the last week of September. This development has given Solana another route to everyday payments, making its adoption easier among users. 

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What About SOL Price?

As Solana adoption and network activity continue to grow at a rapid pace, CoinCodex has predicted a new price level for SOL for October.

Solana Network chart representing Solana price prediction and Solana users growth as Solana adoption rises with increasing Solana wallets
Source: CoinCodex

Per CC, the SOL price may surge to hit a new high of $144 by late October and early November. 

“Solana is forecasted to hit $ 145.23 by the end of 2026 (+26.35% compared to current rates), $ 401.30 by 2030 (+249.12%), $ 694.52 by 2040 (+504.22%), and $ 1,025.70 by 2050 (+792.34%).”

In addition to this, CoinCodex models predicted the SOL price would hit $401 by 2030 and $694 by 2040. However, it should be noted that crypto markets are intensely volatile; hence, user discretion becomes imperative before making any investment-related decisions. 

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Juhi Mirza

Written by Juhi Mirza

Juhi Mirza is a crypto journalist and writer covering digital assets, blockchain, markets, and emerging trends in the Web3 industry.

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