In January, the Solana blockchain recorded its highest degree of recent addresses since Might 2022.
Based on Hellomoon, the variety of new Solana addresses reached 10.13 million in January. This determine was a document since Might 2022, when 11.72 million addresses appeared on the community. On the identical time, in your complete historical past of the blockchain, January 2024 was in second place after Might 2022 by way of the variety of new addresses.
The success of Solana-based meme cash has undoubtedly influenced the variety of registrations. The most recent widespread meme token, WEN, is at present being distributed to over 1,000,000 customers, though virtually half of them stay unclaimed on the time of publication.
The WEN airdrop additionally serves as a take a look at for Jupiter, Solana’s largest decentralized change aggregator, forward of this Wednesday’s deliberate airdrop of its native governance token, JUP. The primary JUP airdrop is open to 955,000 eligible customers who’ve met the $1,000 swap quantity requirement by the point of the November 2023 snapshot.
Over the previous 12 months, SOL has elevated in value by over 300%. Nevertheless, as of this writing, it has a market capitalization of $41.9 billion and is buying and selling at $96.92 per coin, down from the all-time excessive of -62.57% when the token traded at $260.06 on Nov. 7, 2021.
Nevertheless, this doesn’t forestall Solana from updating its document – final week its day by day buying and selling quantity exceeded the $3 billion mark, in accordance with Hellomoon. In December, SOL was among the many tier-1 proof-of-stake chains that dominated the altcoin rally, posting good value positive aspects.