Solana's NUPL Decline and Rising Activity Highlighted in Fidelity Report

Fidelity Digital Assets has reported that Solana's Net Unrealized Profit/Loss (NUPL) has decreased to -0.67, a level historically associated with a median one-year return of 516%, according to its Q2 2026 Signals Report. According to NS3.AI, Fidelity cautioned that this historical pattern may not necessarily repeat, as the one-year result is derived from only 10 observations. Additionally, Fidelity noted a 50% increase in monthly active addresses during Q1 2026, alongside a rise in the 30-day average stablecoin transfer value to $7.2 billion.