Solana Sees Increased Monthly User Activity with Record Address Numbers

Key Points:

• Both new and active addresses on the network hit record highs, surpassing May and January 2023 levels, respectively.
• While user numbers are booming, non-voting transactions, a key indicator of real network activity, haven’t reached their November peak.

Solana sees increased monthly user activity, with both new and active addresses hitting record highs even before December ends.

Solana Sees Increased Monthly User Booms with Over 15.6 Million Active Addresses

The recent surge in Solana’s price isn’t just a blip on the radar – it’s a full-blown tidal wave of user adoption crashing onto the network. While Saga phones loaded with BONK airdrops still command exorbitant prices on eBay, that’s just the tip of the iceberg.

Behind the scenes, Solana sees increased monthly user with new records, painting a picture of a blockchain bustling with activity. December hasn’t even ended yet, but the number of active addresses on the network has already soared beyond 15.6 million, eclipsing the previous record set in January this year by a staggering 50%.

New Users Flood Solana, But Network Seeks Deeper Engagement

Solana sees increased monthly user new addresses, with over 6.8 million already registered this month, surpassing the old high of 6.6 million from May 2023. It’s a clear sign of vibrant user growth, with more and more people choosing Solana for their crypto endeavors.

However, one metric remains a holdout: non-voting transactions haven’t yet matched their November peak. These transactions, used for both network validation and everyday activities like sending money or deploying smart contracts, offer a more complete picture of actual user engagement. Their absence from the record-breaking party suggests room for further growth – the network might be experiencing an influx of new participants, but they’re not necessarily utilizing it to its full potential yet.