Solana's active addresses have fallen to 3.3 million, marking a 12-month low and a significant decline from the peak of over 9 million in January. Despite this drop, Solana continues to expand its product infrastructure, developing new decentralized exchanges, prediction markets, and real-world asset protocols. The network's DeFi total value locked has reached $10 billion, with protocols like Jupiter, Kamino, and Jito showing strong performance.