Solana's network recorded 1.88 million unique active addresses on October 9, 2026, the highest level in 13 months, according to on-chain data from SolanaFloor and the Blockworks analytics dashboard.

The reading marks a sharp acceleration in user activity that began in early September. Santiment reported Solana's network growth jumped 124% over that period, translating to roughly 1.71 million new wallets created each day.

What do the address metrics show?

Daily active addresses rose 58% to approximately 4.27 million. That figure comes from a different measurement window than the 1.88 million unique monthly reading, so the two should not be treated as substitutes. Funded wallets, defined as addresses holding a non-zero SOL balance, climbed 38.5% month-over-month to 16.1 million in total.

The simultaneous rise across three separate cohort metrics — new wallet creation, funded wallets and active addresses — is the underlying signal. Each tracks a different user behavior, and all three moved in the same direction over the same window.

What is driving developer and stablecoin activity?

The chain logged more than 8,400 monthly active programs in September 2026, a new record. Programs on Solana execute the logic behind decentralized exchanges, lending platforms, payment applications and games, functioning as the network's analogue to smart contracts on EVM chains.

Stablecoin usage showed the steepest growth of any segment measured. Daily active stablecoin addresses hit 888,000 in September, a 269% year-over-year increase. Total stablecoin supply on Solana crossed $15 billion, distributed across more than 14 million addresses.

The stablecoin trajectory points to an operational shift in the network's use case. With supply above $15 billion and address-level stablecoin activity up nearly fourfold from a year earlier, Solana is increasingly processing dollar-denominated transfers rather than serving solely as a venue for native SOL trading.

Why are ETF flows diverging from on-chain data?

US spot SOL exchange-traded funds recorded net outflows exceeding $22 million through early October, reversing a September defined by strong inflows into the same products. The outflows arrived even as on-chain activity accelerated, creating a visible split between two investor cohorts.

Application-level users and retail wallets are driving the address count higher. ETF allocators, by contrast, trimmed exposure in the same window, suggesting that institutional capital is responding to different signals than the on-chain user base. US spot SOL ETFs are a relatively new product category, and flow data for the segment remains thin enough that single-week swings can dominate the narrative.

What should analysts track next?

Three indicators will determine whether the activity surge holds into the fourth quarter:

• Whether unique active addresses remain near 1.88 million through the remainder of October
• Whether funded-wallet growth sustains anything close to its 38.5% monthly pace
• Whether US spot SOL ETF flows return to net positive in upcoming weekly filings

The next batch of US spot ETF flow data and SolanaFloor's weekly address dashboards will provide the first read on whether the divergent trends converge or continue to widen.