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Home»ADOPTION NEWS»While the WEN token airdrop is nearing completion, Solana sign-ups are at an all-time high.
ADOPTION NEWS

While the WEN token airdrop is nearing completion, Solana sign-ups are at an all-time high.

By Crypto FlexsJanuary 29, 20242 Mins Read
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While the WEN token airdrop is nearing completion, Solana sign-ups are at an all-time high.
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Layer 1 • January 28, 2024 7:03 PM EST

Posted 1 minute ago In ~

Solana brush

+2.34%
, the best-performing altcoin in 2023, is off to a strong start in 2024. Earlier this month, the Layer 1 network According to data from The Block, Solana recorded its highest transaction volume since October 2022, and just yesterday Solana hit its highest level of daily new addresses on a 7-day moving average.

The network’s best month for total subscriptions was May 2022, but January has already seen it gain over 10 million new addresses and counting, knocking December 2023 from second place to third place.

The success of Solana-based memecoins has undoubtedly influenced subscriptions. The latest popular meme token, WEN, is currently being airdropped to over a million users, but at the time of publishing, nearly half of the airdrops remain unclaimed. The WEN claim window, open to users of Solana’s Jupiter Exchange, owners of Solana Saga phones, and owners of certain Solana-based NFT projects, will close tomorrow at 10 AM.

The WEN airdrop also serves as a test for Jupiter, Solana’s largest decentralized exchange integrator, ahead of the airdrop of Solana’s own governance token, JUP, this Wednesday. JUP’s first airdrop is open to 955,000 eligible users who meet the $1,000 swap volume requirement by the snapshot date in November 2023.


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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