Solana (SOL) Sees Rapid Price Rise and Record Network Activity
Solana (SOL) has experienced a significant price surge, with the coin’s value increasing by over 10% in recent days. This rise in price has generated a wave of excitement and hype among traders. Just over a year after the FTX collapse, which caused its price to drop below $10, SOL has now surpassed $100.
Record Number of Active and New Addresses on Solana Network
The Solana network has set new records for monthly active addresses, even before the month is over. The number of active addresses on the network has increased by approximately 50% compared to November, reaching over 15.6 million. This surpasses the previous record of 15.2 million in January of this year.
Additionally, the number of new addresses on the Solana network has reached a record high of 6.8 million in December, surpassing the previous record of 6.6 million in May 2023.
Non-Voting Transactions Remain Below November Numbers
While Solana’s network activity is thriving, non-voting transactions have not yet reached record levels and remain below their November figures. Non-voting transactions are important for measuring real user activity on the network, as they include transactions that validate the network alongside those that involve sending money or triggering smart contracts.
Hot Take: Solana Soars to New Heights with Rising Price and Network Activity
Solana (SOL) is making headlines with its rapid price rise and record-breaking network activity. The coin’s value has surged by over 10%, surpassing $100 just a year after experiencing a significant drop following the FTX collapse. Moreover, Solana’s network has seen a remarkable increase in active and new addresses, setting new records for monthly figures. However, non-voting transactions have yet to reach their November numbers. Despite this, Solana continues to attract attention and gain momentum in the crypto space.
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