Solana monthly active addresses hit a new high, exceeding 123 million in October
According to a report by The Block, last month Solana's monthly active address count reached a historic high, exceeding 123 million. Data shows that the number of unique addresses signing transactions on Solana has increased by over 42% from September. In January of this year, the network's active address count was less than 12.7 million. Analysts say that Solana's recent surge in activity is driven by the increasing popularity of memecoin trading on the network, and has been supported by platforms such as Pump.fun and decentralized exchange Raydium, both of which have experienced strong activity in the past month. In addition, a16z's "Crypto State of the Nation" report for October showed that Solana's monthly active addresses exceeded 100 million, while Ethereum and other EVM chains had only about 57 million, indicating higher user participation on Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
