Solana Sets the Crypto Ball Rolling with Record-Breaking Active Addresses, Report Shows

Solana Sets the Crypto Ball Rolling with Record-Breaking Active Addresses, Report Shows
фото показано с : zycrypto.com

2024-10-26 23:05

Solana (SOL) continues to be the talk of the crypto town thanks to heightened on-chain activity since active addresses are going through the roof.

According to a recent report by a16z, “State of Crypto Report 2024,” Solana has been stealing the limelight due to soaring crypto activity.

Per the report, “The explosion of activity is primarily due to Solana, which accounted for about 100 million active addresses. Following were NEAR (with 31 million active addresses), Coinbase’s popular L2 network Base (22 million), Tron (14 million), and Bitcoin (11 million).”

Solana has been experiencing a beehive of activity thanks to its thriving meme coin ecosystem and surging builder interest since this metric increased from 5.1% to 11.2% this year.

Solana’s Decentralized Exchange Volume Escalates

Thanks to its bullish metrics, Solana continues to be a force to be reckoned with in the crypto space, and its DEX volume is on an upward trajectory.

On-chain metrics provider Crypto Rand acknowledged, “Solana daily DEX volume has surpassed $2 billion for the third day in a row, outpacing all other chains, including Ethereum. Current volume is sitting at $33,75B, but still a long way off its highest month of almost $60B in March this year.”

Source: Crypto Rand

Since intermediaries are absent in DEXs, peer-to-peer (P2P) trades are conducted via smart contracts.

Therefore, Solana’s rising DEX volume illustrates heightened market confidence and a booming decentralized finance (DeFi) field. 

Meanwhile, bulls are eyeing Solana exchange-traded funds (ETFs), given that SOL’s weekly institutional products recently witnessed inflows worth a whopping $2.4 million.

Solana was up by 12.1% in the past week to hit $167 at the time of writing, according to CoinGecko data.

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Solana (SOL) на Currencies.ru

$ 200.03 (-0.65%)
Объем 24H $5.762b
Изменеия 24h: 2.20 %, 7d: 20.29 %
Cегодня L: $194.92 - H: $204.96
Капитализация $94.328b Rank 4
Цена в час новости $ 164.83 (21.36%)

addresses solana active crypto activity on-chain heightened

Источник: zycrypto.com

addresses solana → Результатов: 53


Фото:

Why Solana’s price is dropping despite a surge in active addresses

Solana, one of the leading blockchains in the decentralized finance (DeFi) sector, has recently made headlines by surpassing an impressive milestone of 100 million active addresses. However, despite this surge in activity, Solana’s price has been on a downward trajectory, raising questions about the sustainability of its growth and the underlying factors contributing to this […]

2024-10-10 18:06


Solana (SOL) Records the Highest Daily Active Addresses in History, but Everyone Is Talking About This Other Crypto’s Market Potential

In a move that signals a comeback of interest in the network, Solana (SOL) recently reached a new milestone by registering the greatest daily active addresses (DAA) in its legacy. Though SOL is still in the headlines, another cryptocurrency—Rexas Finance (RXS)—is taking the front stage for its outstanding market potential.

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Solana Shatters Blockchain Record With Most Active Users—How Did It Happen?

Solana (SOL) has recently achieved a significant milestone by recording the highest number of daily active addresses in its history. This has come at a time when the cryptocurrency has equally been recording high volatility, resulting in speculations on what may drive it and perhaps influence the market with it. Related Reading: Deepfake Tim Cook […]

2024-9-11 18:30


Solana назвали причину кражи криптовалюты

Работники компании Solana Foundation возложили вину за кражу криптовалюты Solana (SOL) на создателей мобильного кошелька Slope. After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.

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