All eyes have been on Solana (SOL) in recent days, as the coin’s rapid rise in price generates waves of hype in its wake. It is noteworthy that just over a year after the FTX collapse helped drive its price below $10, the coin’s price has now surpassed $100. This remarkable increase has led to the sale of Saga phones loaded with BONK airdrops for thousands on eBay, as traders celebrate the milestone.
Additionally, data from The Block reveals that Solana’s network has set new records for monthly new and active addresses, despite the month not yet being over. The number of active Solana network addresses has surged by about 50% over its November figures, surpassing 15.6 million. This marks a significant increase from the previous record of 15.2 million in January of this year. Moreover, the number of new addresses has also reached a new high of 6.8 million in December, compared to the previous record of 6.6 million in May 2023.
However, it is important to note that non-voting transactions on the Solana network have not yet set a record, as they are still below their November numbers. These non-voting transactions, which include those that send money or trigger smart contracts, also play a crucial role in validating the network and are an important metric for assessing real user activity within the network.
The increasing number of addresses and the growing interest in the Solana network reflect a broader trend of expanding adoption and utility within the crypto industry. As Solana continues to attract attention and demonstrate strong network fundamentals, it presents compelling opportunities for investors and developers alike.
