The Solana network has experienced a sharp decline in user activity this year.
According to data from TheBlock, the number of active addresses on Solana fell from 9.02 million on January 25, 2025, to just 3.44 million as of October 21, 2025, a staggering 62% drop over nine months.
This fall marks one of the most significant slowdowns in network participation since Solana’s recovery phase in late 2023. Despite several minor rebounds in mid-2025, overall activity has trended downward as market enthusiasm cooled and transaction volumes tapered off.
Analysts note that while Solana remains a leading blockchain for high-speed transactions and DeFi projects, the recent contraction may reflect reduced DApp engagement, lower NFT trading activity, and shifting user focus toward newer ecosystems.
If activity fails to stabilize in Q4, Solana could face increased pressure to reignite developer and user interest through ecosystem incentives and upcoming network upgrades.
