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Home»ADOPTION NEWS»Solana set records for monthly new and active addresses amid rising prices.
ADOPTION NEWS

Solana set records for monthly new and active addresses amid rising prices.

By Crypto FlexsDecember 24, 20232 Mins Read
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Solana set records for monthly new and active addresses amid rising prices.
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Posted 1 minute ago In ~

Everyone’s eyes were focused Solana brush

+1.18%
The coin’s rapid price rise in recent days has created a lot of hype. Saga phones full of BONK airdrops are still available It’s been selling for thousands of dollars on eBay as traders celebrate the coin hitting $100 just over a year after the FTX collapse sent its price below $10.

According to data from The Block, Solana’s network has already set monthly records for new and active addresses, even though there’s still one week left.

The number of active Solana network addresses reached 15.6 million, an increase of approximately 50% from the November figure. This is up from the previous record of 15.2 million in January this year.

The number of new addresses also reached an all-time high, from 6.6 million in May 2023 to 6.8 million as of December.

One indicator that has not yet set a record is non-vote transactions, which are still lower than November figures. On the Solana Network, the same transactions that send money or execute smart contracts are used to validate the network, making transactions, not votes, an important indicator of real user activity.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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