Solana monthly active addresses hit a new high, exceeding 123 million in October

Odaily News Last month, Solana hit a new all-time high in monthly active addresses, exceeding 123 million. Data shows that the number of unique addresses signing transactions on Solana has increased by more than 42% from September's figures. In January of this year, the network had less than 12.7 million active addresses. Analysts say Solana's recent surge in activity is driven by the Memecoin craze on the network, including support from platforms such as Pump.fun and decentralized exchange Raydium, both of which have experienced strong activity in the past month. In addition, a16z's "State of Cryptocurrency" report in October showed that Solana had more than 100 million monthly active addresses, while Ethereum and other EVM chains had only about 57 million, indicating higher user engagement on Solana. (The Block)