Solana’s return to the top of blockchain activity rankings matters because strong network usage often reflects rising demand from developers, traders, and everyday users.
Combined with bullish technical signals and increasing on-chain participation, the latest data suggests that investor confidence in the Solana ecosystem may be strengthening at a time when the broader crypto market is searching for its next major growth drivers.
Solana and ICP Pull Away From the Competition
Chainspect, a blockchain analysis platform, released its latest network activity rankings. According to the findings, there is a distinct difference between the leaders and the others.
Solana took the number one spot once more, processing 1,635 transactions per second, followed by Internet Computer at 1,035 transactions per second.
These figures, released on July 10, demonstrate that both networks have a significant advantage over other blockchains. This becomes evident if we look at the third place held by BNB Chain, which was able to record 179 tx/s.
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Solana Maintains Its High-Speed Reputation
Solana supports many transactions in a short time frame at a low cost, thereby keeping developers and users engaged in its network. The level of activity in the network remains high even during an unstable period in the market. Coming in second is the Internet Computer.
In comparison to Solana, BNB Chain and Aptos processed about 170-180 TPS, which was much lower. TRON and Stellar performed 130-150 TPS due to stablecoin and cross-border transactions. Base, Polygon, Fogo, and Keeta Testnet performed less than 100 TPS each.
Technical Signals Turn Bullish for SOL
There is an uptick in activities according to market analysts, with Ali Charts noting a buy signal on Solana. This happened after the price went above $78 on June 30 and triggered the SuperTrend indicator, which became bullish. On-chain metrics also confirm the optimistic scenario.
Around 1.5 million SOL were withdrawn from exchanges between June 24 and July 3, indicating that holders are shifting their tokens to cold wallets instead of dumping them. Furthermore, there was an increase of 1.6 million addresses in three weeks.
Resistance Zone Could Decide the Next Move
Despite all that, Solana still faces a substantial challenge. According to the UTXO Realized Price Distribution pattern, there is a significant supply zone at $79-$85, through which approximately 105 million SOL passed in advance.
In case of price growth beyond $85, according to Ali Charts, the next levels for Solana will be $100 and $127. In case of a decline below $74, this uptrend may be reversed, causing a deep pullback to $53.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
