Solana outshines peers as Claude Code-related tokens fuel network growth

Solana rose about 1.9% over the past 24 hours, trading near $129 and outperforming the broader crypto market, while the CoinDesk 20 Index (CD20) edged up just 0.15% over the same period.

SOL advanced from around $126.4 to an intraday high near $130 before paring gains. The move followed a breakout from a tight consolidation range, supported by elevated trading volume of roughly 2.34 million SOL, according to CoinDesk Research’s technical analysis data.

The rally extended a short-term recovery that began after Solana successfully held key support around the $127 level.

On-chain activity across the Solana network has accelerated in recent days, fueled by heightened speculation surrounding Claude Code, an AI development toolkit created by Anthropic. Developers have increasingly launched tokens tied to viral AI repositories using Bags, a Solana-based token launchpad.

The trend has driven a sharp rise in network usage, with active addresses climbing from 4.7 million in early January to 18.9 million last week, while weekly transaction counts increased from 390 million to 530 million, according to DefiLlama.

Although many of these tokens remain highly speculative, some have been adopted by the original AI project teams, enabling trading fees to be redirected back to developers. This has created a feedback loop of new token launches and elevated on-chain activity.

Despite the surge in usage, total value locked on Solana has slipped to about $8.4 billion. Technically, the $130 level remains a key pivot. A sustained break above could pave the way for a retest of recent highs, while a pullback may leave SOL vulnerable to support in the $126 to $124 range.