Solana Breaks Records

Solana sets records for monthly new and active addresses amid price rally Solana's Spectacular Rise: Record New and Active Addresses Solana has captured the spotlight with its token experiencing a remarkable 100% gain in just one month, propelling it to new heights. The excitement surrounding Solana has been amplified as Saga phones, bundled with BONK airdrops, continue to fetch thousands of dollars on eBay. This surge in popularity comes over a year after the FTX collapse contributed to pushing Solana's price below $10. Recent data from The Block reveals that Solana's network has achieved unprecedented milestones in terms of new and active addresses, setting records even before the month concludes. The number of active Solana network addresses has surged by approximately 50% compared to November, surpassing 15.6 million. This figure surpasses the previous record of 15.2 million set in January of the same year. Simultaneously, the count of new addresses on the Solana network has also reached a new high, recording 6.8 million in December alone. This surpasses the earlier record of 6.6 million registered in May 2023. The data underscores the growing interest and participation within the Solana ecosystem, driven by its surging token value and associated developments. However, one metric that hasn't reached a new record is non-voting transactions, which are still below their November figures. In the Solana network, transactions that involve sending funds or triggering smart contracts also play a role in validating the network. The lower count of non-voting transactions suggests that real user activity, at least through this metric, is yet to surpass the levels observed in the previous month. As Solana continues to make headlines with its rapid ascent, the network's records in new and active addresses signify a broader and more engaged user base. The cryptocurrency's impressive performance has undoubtedly captured the attention of traders and enthusiasts alike, solidifying its position as a key player in the dynamic and ever-evolving crypto landscape.