Solana registers all-time high in daily new addresses
Quick Take Daily new addresses on Solana have reached an all-time high, according to The Block’s Data Dashboard. The increased network engagement could potentially see Sol reach a new all-time high, according to an analyst.
The daily number of new addresses on the Solana blockchain has reached an all-time high, according to The Block’s Data Dashboard . The daily count of new addresses on the Solana SOL +2.74% network, based on a seven-day moving average, now stands at over 691,000.
Solana transaction volume increases
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"With bitcoin reaching new all-time highs several times in the past week, similar movements for ether and Solana are anticipated, driven by capital rotations in the markets," the Zeta Markets Founder said. However, Frizza noted that Solana is still significantly below its all-time high of $260 reached in November 2021.
The price of SOL, the native cryptocurrency of the Solana network has rallied by over 12% in the past week. Image: The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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