Solana’s on-chain active addresses have increased by 151% in a few years, hitting a record high in July

Odaily News Data shows that the number of active addresses on the Solana chain hit a record high of 54.33 million in July, a significant increase of 151% from 21.6 million at the beginning of 2024. In addition, the number of non-voting transactions on the network also peaked at 1.3 billion in July, indicating that on-chain activity is very active. The upcoming Firedancer upgrade is expected to push the network's performance to new heights. This alternative client deployment was developed by Jump Crypto and aims to significantly improve Solana's transaction processing capabilities and overall network resilience. Firedancer may enable Solana to process millions of transactions per second, far beyond its current capacity. This upgrade will further consolidate Solana's position as a high-performance blockchain. (The Block)