Solana Hits Record 123M Active Addresses Amid Memecoin Surge

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Solana Hits Record 123M Active Addresses Amid Memecoin Surge In a remarkable display of growth, Solana (SOL) reached a new milestone by recording 123 million active addresses in October, representing a 42% increase from the previous month, according to data from The Block.

This positions Solana as a formidable player in the cryptocurrency market, attracting both retail and institutional investors.“Solana’s technical advancements and strategic partnerships have played a crucial role in its recent surge.

The platform’s ability to surpass 100 million monthly active addresses, outpacing Ethereum and other EVM chains, highlights its competitive edge and potential for continued growth.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Solana Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 12:54:02 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1166 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23396304

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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