Solana sets new records for both monthly new addresses and active addresses
In the month of December, the Solana network witnessed a significant surge in the number of new and active addresses. According to The Block, the number of active addresses on the Solana network increased by approximately 50% compared to the previous month of November. This figure exceeded 15.6 million, surpassing the previous record of 15.2 million set in January. The source for this information is The Block.
Furthermore, the number of new addresses on the Solana network also reached a new record in December, with a total of 6.8 million new addresses. This surpassed the previous record of 6.6 million set in May 2023. However, non-voting transactions have not yet reached a record high and remain below the levels seen in November.
In recent news, SOL, the token of the Solana network, has climbed up the ranks in the cryptocurrency market. It has overtaken XRP and now sits at the fifth position in terms of market capitalization. The market value of SOL has even surpassed that of BNB, securing the fourth position. As of the time of writing, Solana is being traded at $113, with a project capitalization of $48.3 billion. In the past 24 hours alone, the trading volume of the SOL token reached $4.9 billion. This information is sourced from CoinMarketCap.
The growing interest in the Solana network can be attributed to the increasing price of the SOL token, as well as the popularity of meme tokens within the network. Additionally, the excitement surrounding Saga phones has contributed to the network’s popularity. Sales of Saga phones have skyrocketed tenfold, thanks to the airdrop of BONK tokens. In fact, on eBay, prices for a single Saga phone have reached up to $5,000.
To learn more about the latest developments, you can read about how Arthur Hayes has recently shifted his focus from Solana to Ether, citing divine inspiration. For more updates, be sure to follow us on Google News.
