Surge in Daily Active Addresses
On September 9, Solana recorded an impressive 5.4 million daily active addresses, marking an all-time high for the blockchain. This surge reflects a significant increase in user activity on the network, despite the current downturn in the broader cryptocurrency market.
Current SOL Token Performance
Despite the boost in network activity, Solana’s native token, SOL, has faced a 1.66% decline over the past 24 hours, trading at $131.72. This price drop contrasts sharply with the blockchain’s impressive activity metrics.
Market Position and Comparisons
Solana’s recent performance sets it apart from other major blockchain networks such as Tron, Avalanche, Aptos, and Polygon. The increase in daily active addresses has been highlighted in charts shared on X (formerly Twitter), showcasing Solana’s leading position.
Community Reaction and Milestones
The milestone has generated significant excitement among Solana supporters. Many have taken to X to celebrate, with some users even asserting that Solana represents the “endgame” of blockchain technology, while other networks are labeled as “scams.” The chart from Artemis, a renowned on-chain fundamentals platform, illustrates that the daily active addresses on Solana have skyrocketed as of August 2024.
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