Solana active addresses fall to 12-month low as memecoin frenzy fades
Quick Take The trajectory illustrates how quickly trends can shift in crypto markets and underscores the importance of ecosystem diversification. The following is excerpted from The Block’s Data and Insights newsletter.
The number of active addresses on Solana has declined to 3.3 million, marking a 12-month low and representing a significant retreat from the network's peak of over 9 million active addresses in January.
Active addresses, measured as unique addresses that signed transactions, surged throughout late 2024 as Solana established itself as the dominant chain for memecoin launches and trading, offering faster speeds and lower costs compared to Ethereum.
The decline has been gradual throughout 2025 as memecoin enthusiasm waned from its peak levels. However, pump.fun continues to demonstrate staying power within this sector, generating over $1 million daily and commanding approximately 90% market share among token launchpads. This suggests that while overall participation has decreased, concentrated activity persists in specific segments.
The trajectory illustrates how quickly trends can shift in crypto markets and underscores the importance of ecosystem diversification. Networks that anchor their growth to a single narrative or use case face vulnerability when that narrative loses momentum. Solana's experience with memecoin-driven growth mirrors patterns seen across other chains where temporary catalysts drove user surges followed by eventual normalization.
Despite declining active addresses, Solana continues expanding its product infrastructure. The network is building out new decentralized exchanges, prediction markets, and real-world asset protocols, while DeFi total value locked stands at $10 billion, led by protocols including Jupiter, Kamino, and Jito. The development activity suggests efforts to establish more durable foundations beyond speculative trading.
This is an excerpt from The Block's Data & Insights newsletter . Dig into the numbers making up the industry's most thought-provoking trends.
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
Bitcoin News Update: Pakistan's Foreign Exchange Outflow Accelerates Amid Economic Instability and Lax Crypto Oversight
- Pakistan reports $600M forex loss via illicit crypto transactions, draining 23% of dollar inflows through unregulated channels. - ECAP reveals cash withdrawals from licensed firms fund crypto investments, straining reserves amid trade deficits and political instability. - SBP tightens forex controls but experts warn crypto outflows persist, mirroring global crypto losses and compounding weak enforcement. - Geopolitical shifts, including Trump's India-Pakistan ceasefire claims and U.S.-Pakistan military c
Cardano News Update: ZKP’s Open Presale Approach Disrupts Traditional Blockchain Speculation
- Investors are shifting from HBAR and ADA to ZKP, a 2025-focused blockchain project with transparent presale and real-world utility. - ZKP's $120M pre-launch funding and daily on-chain auctions contrast with HBAR's 36% decline and ADA's weak DeFi traction. - The project's Proof Pods hardware and "built-first" strategy differentiate it from legacy projects with delayed upgrades. - ZKP's fair allocation model and institutional partnerships position it as a paradigm shift in crypto project launches. - Analys
Miami Dolphins and FC Barcelona Partner with ZKP to Advance Privacy-Focused Sports AI
- ZKP's $17M hardware inventory and novel ICA model position it as a potential "next 100x crypto" with immediate operational readiness. - Proof Pods generate $1-$300 daily earnings and support upgrades, offering rare hardware-first deployment in crypto presales. - Partnerships with Miami Dolphins and FC Barcelona leverage ZKP's privacy tech for sports analytics and secure fan engagement. - Daily ICA auctions with $50K wallet limits and multi-asset payments aim to ensure fair distribution before public laun
Zcash Halving and Its Impact on the Cryptocurrency Market
- Zcash's November 2025 halving cut block rewards by 50%, triggering a 1,172% YTD price surge to $589 amid deflationary scarcity and privacy-driven demand. - Institutional adoption, including $137M Grayscale Trust and 5% Cypherpunk acquisition, validates ZEC as a strategic reserve asset with 28% shielded transaction utility. - Derivatives markets show $1.13B open interest, but 41% weekly volatility and regulatory uncertainty around privacy features pose significant risks to momentum. - Zcash's inverse corr
Trending news
MoreCrypto prices
More
