Solana, the cryptocurrency that has recently made headlines with its impressive price increase, is not only dominating the market but also breaking records in network activity.
Solana Hits Record-Breaking Monthly Metrics Amid Price Surge
The rapid rise of the coin, which surpassed $100 just a year after a significant drop below $10 following the collapse of FTX, caused a stir in the crypto community.
The number of active addresses on the Solana network increased by nearly 50% compared to November, reaching over 15.6 million. This figure surpassed the previous record of 15.2 million recorded in January of the same year.
Simultaneously, the number of new addresses on the Solana network reached a record high with 6.8 million recorded in December. This figure also surpassed the previous record of 6.6 million recorded in May 2023.
While these metrics show the network's growing popularity and user engagement, it is noteworthy that non-voting transactions have yet to surpass November's figures.
In the Solana network, non-voting transactions are very important as they include actions such as sending money or triggering smart contracts and are considered a key indicator of real user activity.
Solana (SOL) Latest Situation
With its recent rises, Solana has become the 4th largest cryptocurrency by transaction volume after Tether.
On the other hand, SOL, which has risen above an important resistance such as $ 110, may see even higher levels if it persists here.
*This is not investment advice.