The Solana Network Sees Surge in New and Active Addresses
In December, the Solana network experienced a significant increase in both new and active addresses. According to The Block, the number of active addresses on the Solana network rose by approximately 50% compared to November, surpassing 15.6 million. This figure is higher than the previous record of 15.2 million in January.
Additionally, the number of new addresses set a new record in December, reaching 6.8 million compared to the previous high of 6.6 million in May 2023. However, non-voting transactions have not reached record levels and remain below those seen in November.
Last week, SOL surpassed XRP in cryptocurrency rankings by market capitalization, claiming the fifth spot. Its market value exceeded that of BNB, placing it in fourth place. Currently, Solana is trading at $113 with a market capitalization of $48.3 billion. The SOL token’s trading volume over the past 24 hours reached $4.9 billion.
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 and the excitement surrounding Saga phones. The sales of Saga phones have surged tenfold following the airdrop of BONK tokens, with prices on eBay reaching up to $5,000 for a single device.
Hot Take: Solana’s Rising Popularity and Performance
Solana continues to make waves in the cryptocurrency world with its impressive growth in new and active addresses. The network’s ability to attract users and maintain high transaction volumes is evident from its record-breaking numbers. Surpassing XRP in market capitalization further solidifies Solana’s position as a major player in the crypto space. With its current trading volume and market value, Solana is poised for even greater success in the future. The increasing interest in meme tokens and Saga phones only adds to the network’s appeal. As Solana continues to innovate and capture attention, it remains a cryptocurrency worth watching closely.
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