He shared a tweet from CoinMarketCap’s official Twitter account the other day. According to the tweet, data from Glassnode and The Block shows that active wallets on the Solana network since the beginning of last year have experienced a 58 percent increase to date. Despite the general decline in the market, Solana quickly outstripped rival blockchains.
Solana Experienced a 58 Percent Increase in Wallets
According to the information shared by CoinMarketCap, it did not go unnoticed that the numbers of new daily active addresses in the Solana network achieved non-stop user-based growth during the bear market.
New users on the Solana network, before slowly dropping to 240,000 users this week; It closed last May with over 400,000. If we make a comparison in line with these data; We can actually call it an indicator of growth, from the levels of 150,000-170,000 every day in December of 2021 to 400,000 today.
Daily active wallets hit over 32 million in the past month. In May, it peaked with over 37 million users. In the first four months of 2022, we can see that there is an average of over 20 million active users on Solana.
Unfortunately, this climb does not include the locked total value (TVL). The total value locked in DeFi options on the Solana network dropped to 2.9 billion this week. In May, it was at the level of $6 million. Solana TVL reached an amount of 14 billion dollars in December 2021.
Finally, Solana’s native SOL token has grown in line with the increasing use of active wallets. SOL is up 34 percent in the past week. Despite the general decline and ups and downs in the market, it rose 30 percent in June. BTC, which we have been watching constantly decreasing lately, makes us smile. We saw a 14% increase in BTC in the month of June we left behind.
It is difficult to say for now whether the number of active addresses in the Solana network will continue to increase in the future. We will continue to keep you informed as various data and information become available.
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