Developer Activity in the Solana Ecosystem Rises, Driven by Wormhole and Drift

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 26 2025

W-4.39%

SOL-0.424%

PYTH-1.927%

Should l Buy W?

Developer Activity Surge: New data from Santiment indicates a significant increase in developer activity within the Solana ecosystem, with top projects gaining traction in October.
Top Projects: Solana ($SOL) leads the ranking of Solana-based projects, followed by Wormhole ($W) and Drift Protocol ($DRIFT), which are noted for their cross-chain integrations and decentralized trading innovations.
Strength in Oracles and Data: Pyth Network ($PYTH) and Swarms ($SWARMS) highlight Solana's capabilities in oracles and data infrastructure, with Pyth collaborating with major exchanges to enhance real-world applications.
Vibrant Ecosystem: The data confirms that Solana's ecosystem is one of the most active in the crypto space, with strong developer momentum and practical on-chain adoption, setting the stage for future growth.

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Technical Analysis for W

Technical Sentiment Analysis for Wormhole (W) As of , Wormhole (W) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for W stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, W is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Wormhole (W) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00707	0.012	0.0172	0.0221	0.0273	0.0322	0.0374
Fibonacci	0.012	0.0159	0.0183	0.0221	0.026	0.0284	0.0322

About W

Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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