Solana, a dominant player in the recent bull run, has seen a significant increase in network activity, leading to a stable transactions per second (TPS) rate of 2000. Despite this progress, the price of SOL continues to decline, sparking concerns among investors.

The Solana network has faced criticism for its downtime in the past, but a recent upgrade to version 1.18 has yielded notable performance improvements. Benchmarks indicate that Solana is nearing a processing throughput of 2000 transactions per second (tps) in real-world conditions, with potential for further growth.

CEO Mert of Helius predicts that Solana could surpass 10,000 tps by the start of the new year, a promising outlook for the network. However, despite this progress, SOL's price has fallen significantly since May 20th, exhibiting a bearish trend.

Interestingly, the Chaikin Money Flow (CMF) for SOL remains positive, indicating money flowing into the token. Additionally, the On Balance Volume (OBV) for SOL has surged, a positive indicator for the token. If this trend continues, a reversal could be expected, pushing SOL back up to $174.54 levels.

Social volume for SOL has remained consistent, suggesting growing popularity for the token. However, the weighted sentiment around SOL has fallen, with negative comments outnumbering positive ones. This shift in sentiment could impact SOL's price movement in the future.

Overall, while Solana's network activity and transaction speed show promise, its price movement and sentiment require careful consideration. As the crypto market continues to evolve, investors must stay informed to make informed decisions.