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Solana is Shattering Records For User Growth

November 10, 2024
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Solana shattering user growth records
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The price of Solana is surging. And so is their user growth.

What’s happening:

  • Solana has hit a new all time record for active monthly users on their Layer 1 blockchain

By the numbers:

  • Last month, Solana had a total 123M individual active wallet addresses and saw more than 4M new wallet addresses be created
  • This represents growth of approximately 1000% from where individual active wallet addresses were at the beginning of the year for Solana

Why it matters:

  • Solana has been innovating at a rapid pace, recently launching new hardware devices as well as integrating PayPal’s (NASDAQ: PYPL) stablecoin onto the Solana blockchain for the first time ever

Going deeper:

The intrigue:

  • While spot Solana ETFs await an official approval in the United States of America, Brazilian regulators recently approved their second ever Solana ETF to be listed on the B3 stock exchange in Brazil

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