Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana sets a new record in January…
ALTCOIN NEWS

Solana sets a new record in January…

By Crypto FlexsFebruary 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana sets a new record in January…
Share
Facebook Twitter LinkedIn Pinterest Email

  • In January, Solana recorded a surge in new demand.
  • This pushed the chain’s network activity to an all-time high.

Leading Layer 1 network Solana (SOL) saw an increase in the number of new users, pushing the number of unique addresses created on the network to a record high in January, according to data from The Block. dashboard.

According to the data provider, the total number of new addresses created on Solana over a 31-day period was 11.81 million. This is an 18% increase over the 10 million new addresses the network recorded in December.

AMBCrypto found that January’s numbers marked the network’s highest since May 2022, when the month ended with 11.72 million new addresses.

Source: The Block

AMBCrypto reported earlier The recent surge in network activity on Solana was due to anticipation of the Jupiter airdrop.

Described as the largest airdrop on the Solana network, the airdrop successfully distributed 622 million JUP tokens (worth $3.6 billion) to over 440,000 addresses on the Jupiter Exchange on January 31st.

On the day of the airdrop, the number of daily active addresses on the Solana network reached an all-time high.

Will it affect other fields as well?

Although demand for the Solana network increased in January, the non-fungible token (NFT) sector did not benefit from this. According to data from CryptoSlamSolana recorded a decline in NFT sales.

According to information from the data provider, Solana’s NFT sales during the period under review were $239 million, a whopping 35% decrease compared to December sales of $365 million.

The difference in Solana’s monthly sales volume was due to the difference in total NFT transactions completed over the two months.

According to CryptoSlam, 6.5 million NFT sales transactions were completed on Solana last December. By the end of January, this figure had fallen by 31%.


Is your portfolio green? Check out our SOL Profit Calculator.


On the other hand, Solana’s decentralized finance (DeFi) segment recorded modest growth in January. Data from DefiLlama shows the network’s total value locked (TVL) increased 11% in January.

For context, the network’s TVL on New Year’s Day was $1.41 billion. As of January 31, it had increased to $1.6 billion.

Previous Blog: All About Ethereum’s $500 Million Weekly Outflow

Next Blog: PYTH Surges 20% Due to Binance Listing – Will the Momentum Sustain?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Trump Says He Wants the US to Take Charge of Cryptocurrency Rather Than China, Predicting Another NFT Launch

July 17, 2024

Siren’s Role in Fighting International Cryptocrime in the Public Key Podcast

August 21, 2024

Bitcoin Dogs Raises Over $11.5 Million, Enters Final 24 Hours – Blockchain News, Opinion, TV & Jobs

March 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.