Solana Tops Weekly Active-User Ranking With 15.3 Million Users

Crypto News

Solana (SOL) has claimed the top spot among crypto networks by weekly active users, recording 15.3 million addresses over the past seven days. On-chain data shows Solana’s active-user base climbed 106.9% across the previous 30 days, the steepest expansion among major Layer-1 chains. That growth pushed the network clear of BNB Chain, which logged 13 million weekly users but contracted 12.5% over the same window, and Tron, which held third with 8.7 million. The reading underscores how retail engagement is concentrating on high-throughput chains, with Solana’s low fees continuing to draw the bulk of speculative and application activity among leading altcoins this cycle.

Federal Reserve official Christopher Waller signaled that a rigid inflation objective may be too restrictive for effective monetary policy, telling markets he would favor a target range rather than a single figure. Waller cautioned, however, that revising the goal now could damage the Fed’s credibility, noting Chair Kevin Warsh had recently reaffirmed commitment to the 2% mandate. He stressed the central bank will not deliberately hold interest rates low to finance the federal deficit. On the economy, Waller said the labor market is stabilizing but warned the balance of risks has tilted back toward inflation, keeping price stability the Fed’s priority for now.

The UK Financial Conduct Authority published a 147-page roadmap warning that autonomous, or agentic, AI systems could reshape retail finance and sharply increase demand for programmable money. The report identifies stablecoins and tokenized deposits as potential infrastructure for instant, AI-driven settlements, where software and automated AI crypto wallet infrastructure independently manage savings, payments and investments. Prepared under outgoing executive director Sheldon Mills, it sets out seven recommendations, including trusted protocols for agentic finance and an expanded AI testing lab. The regulator noted more than 20 frontier AI models have launched since late 2025, and insisted firms preserve human accountability. An AI trading bot operating unsupervised, it warned, raises fresh governance questions.

Stablecoin settlement activity hit a fresh all-time high in June, with adjusted transaction volume reaching $1.79 trillion — up 63% from May’s $1.1 trillion and 125% from roughly $795 billion a year earlier. On-chain analytics that strip out bot flows, exchange transfers and other non-economic activity put first-half 2026 volume at $8.82 trillion, already exceeding the $5.8 trillion recorded across all of 2024. The surge tracks accelerating bank and institutional use of fiat-pegged tokens for payments, settlement and treasury operations. Unlike algorithmic stablecoins that rely on code-based pegs, the dominant instruments here are fully reserve-backed, a distinction that has helped anchor institutional confidence.

Circle’s USDC widened its lead over Tether’s USDT during the first half of 2026, capturing roughly 70% of adjusted stablecoin transaction volume against USDT’s 25% — a striking reversal from 2020, when USDT held nearly 90%. The shift has been reinforced by institutional integration: Standard Chartered and BNY recently added USDC-based services rather than building proprietary rails, signaling a preference for established networks. That concentration matters for settlement finality, as banks route treasury and payment flows through a single dominant token. The trend positions regulated, dollar-backed stablecoins as core plumbing for the tokenized finance that regulators are now moving to codify.

Beyond Solana’s headline figure, the weekly ranking exposed sharp divergence across ecosystems. Jito (JTO) posted the steepest percentage jump, with active users surging 196.4% to 1.8 million, while Litecoin (LTC) added 10.4% to reach 1.4 million. Bitcoin (BTC) counted 2.7 million weekly active addresses, up 1.2%, and Ethereum (ETH) logged 2.6 million, a 4.3% gain — modest next to faster Layer-1 and Layer-2 challengers. opBNB and Base, by contrast, shed 8.6% and 8.1% respectively. The data paints a market where user attention is rotating rapidly, rewarding chains with active incentive programs and cheap execution over incumbent settlement layers.

Read together, these developments trace a single arc: capital and users are migrating toward faster, cheaper and increasingly automated financial rails — from Solana’s throughput edge to record stablecoin settlement and the FCA’s agentic-finance blueprint. Yet our aggregate market data tempers the optimism. COINOTAG’s readings put the Fear & Greed Index at 24/100 — Extreme Fear — while Bitcoin dominance sits at 69.3% and total crypto market capitalization holds near $1.86 trillion. That combination of fear and heavy BTC concentration suggests infrastructure adoption is running ahead of speculative risk appetite. With Waller flagging renewed inflation risk, the macro backdrop still gates how quickly this on-chain momentum can translate into broad market strength.