In late 2023, Solana (SOL) was in the vanguard of the emerging cryptocurrency bull market, and in April 2025, the token appears to be at the speartip of a dreaded bear market. The most recent volatility has been accompanied by an alarming drop in the number of active SOL addresses, which have, by April 11, hit a 2025 low at approximately 1.67 million, per the data FInbold retrieved from Dune Analytics via The Block’s on-chain metrics. SOL monthly active addresses in 2025
source: https://finbold.com/solana-active-addresses-plunge-to-2025-lows/