Solana Blockchain Sets New Record for New Addresses
In January, the Solana blockchain achieved its highest number of new addresses since May 2022, with a total of 10.13 million new addresses recorded. This figure marks the second-highest number of new addresses in the history of the blockchain, second only to May 2022 when 11.72 million addresses were created.
Meme Coins Drive Registration Surge
The success of Solana-based meme coins has played a significant role in the increased number of registrations. One such meme token, WEN, is currently being distributed to over a million users, although a large portion of them have not yet claimed their tokens.
Jupiter Airdrop and Test for Solana’s Largest DEX Aggregator
The WEN airdrop also serves as a test for Jupiter, Solana’s largest decentralized exchange aggregator. Ahead of the planned airdrop of its native governance token, JUP, Jupiter is distributing tokens to 955,000 eligible users who have met certain requirements.
SOL’s Price and Trading Volume
Over the past year, SOL’s price has surged by over 300%. However, at present, it has a market capitalization of $41.9 billion and is trading at $96.92 per coin, which is down from its all-time high by -62.57%. Despite this, Solana continues to break records, with its daily trading volume exceeding $3 billion last week.
Hot Take: Solana’s Growth Continues Unabated
Solana’s blockchain network continues to experience remarkable growth and adoption. With record numbers of new addresses and increasing trading volume, Solana remains a prominent player in the cryptocurrency space. The success of meme coins and the upcoming Jupiter airdrop further contribute to Solana’s popularity and test the capabilities of its decentralized exchange aggregator. While SOL’s price has experienced some fluctuations, its overall performance remains impressive. As Solana pushes boundaries and attracts more users, its potential for future growth and development looks promising.
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