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Record Year-End for Solana (SOL): Unexpected Performances and a Surge in New Addresses

A Record Year-End for the Solana (SOL) Network:

  • The Solana token (SOL) recently crossed the symbolic $100 mark.
  • The value of the SOL token has increased by 100% compared to last month.
  • Active addresses on Solana have increased by 50% compared to November, reaching over 15.6 million.

Unexpected Performances for Solana (SOL)

The Solana blockchain has recently experienced remarkable growth, demonstrated by the significant increase in the number of new addresses and active addresses.

This trend occurred as SOL has just surpassed the $100 mark, even teasing the $120 mark, representing an increase of over 100% compared to the previous month. This performance is particularly noteworthy as Solana is recovering from the FTX collapse, which previously caused its price to drop below $10.

Furthermore, SOL has also surpassed Binance Coin (BNB) in terms of market capitalization, accumulating over $47 billion in market cap. Today, the token is now ranked 4th among the most capitalized cryptocurrencies in the market.

Not to mention that trading volumes of SOL futures have exceeded those of BTC on the Bybit trading platform.

A Record Number of New Addresses for Solana

In December, Solana broke its own record with 6.8 million new addresses, surpassing the previous record of 6.6 million set in May 2023.

At the same time, the number of active addresses also reached a historic peak of over 15.6 million, surpassing the January record of 15.2 million.

However, one aspect remains below expectations: non-voting transactions. These, essential for measuring the actual activity of users on the network, have not yet reached the levels of November.

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