- Solana Sets a New High of 5.4M Daily Active Wallets, Leaving Others in the Dust as Its Userbase Keeps Increasing.
- Solana’s active wallet count reaches 5.4M, reflecting its expanding influence and high transaction throughput in the blockchain sector.
- With Solana’s price up to $134.66 and predictions of a potential surge to $500, its record 5.4M daily wallets signal strong market growth.
On September 9, 2024, Solana recorded the highest transaction throughput, with more than 5.4 million daily active wallets. This puts Solana first among all Layer-1 and Layer-2 blockchains for user engagement.
New Record Set for Daily Active Wallets
The increase in daily active wallets is due to the expansion and popularity of the application and the products available in its ecosystem. The new record indicates Solana’s expanding influence in the blockchain sector.
With nearly half of the total active addresses on its main network, which totals around 11 million, Solana continues demonstrating substantial user engagement. This milestone underscores the platform’s capacity to attract and retain a large user base.
According to data from SolanaFloor, this peak in user activity highlights the blockchain’s expanding influence and capability to handle a high volume of transactions.
SOL Rankings and Market Activity
This surge places Solana at the forefront of blockchain activity, outpacing other Layer-1 and Layer-2 networks. NEAR Protocol followed with 2.9 million active addresses, and Tron came in third with 2.1 million. Other blockchains, including TON, Sui, and Bitcoin, showed lower daily activity, with figures ranging from 850,000 to 500,000.
According to CoinMarketCap, SOL price has reached $135.77 at the hour of writing, indicating a 4.94% increase in the last 24 hours. The digital asset market cap now stands at $63.53 billion, making it the fifth largest by market cap. Despite the price surge, the 24 hour trading volume has decreased by 13.30%, totalling around $1.77 billion.
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