In the third quarter of 2026, the Solana network processed approximately 14.2 billion transactions, marking a 45% increase compared to the previous quarter. The average number of daily active addresses reached 4.1 million, while daily transactions averaged 120 million, reflecting growth of 12% and 8% respectively.
The number of wallets holding SOL rose to 8.38 million, an increase of 20.5%. Additionally, the count of stablecoin holders grew by 16% to 13.07 million. On-chain card payment volume for the quarter totaled $262.7 million, exceeding the total volume recorded in the second quarter.
Technical updates included the implementation of SIMD-0286 in late July and a transition to a new transaction format in mid-September. Despite these changes, block times remained near 400 milliseconds. September saw a record 3.2 billion successful non-vote transactions.
As of early October 2026, the price of SOL was approximately $117, with a circulating market capitalization estimated between $60 billion and $70 billion. While on-chain activity increased, daily trading volumes experienced a decline during the period.
