Solana’s daily active addresses are approaching the 1 million mark
- Step Data Insights tweeted yesterday that it’s close to 1 million active addresses per day.
- The post shows that Solana got 600k active addresses per day in just two days.
- Despite the increase in network activity, SOL still saw a slight price drop over the past 24 hours.
Solana’s data analytics platform, Step Data Insights, published a post on Twitter yesterday that showed Solana was close to hitting a very important milestone. According to the post, Solana was approaching 1 million active addresses per day. This comes after adding 600,000 new addresses in the past two days alone.
To put this achievement in perspective, Solana averaged 600,000 daily active addresses during the bull market peak in November 2021. Looking at the crypto project’s daily active addresses provides more insights into network engagement, adoption, and overall activity.
The fact that Solana has seen such a spike in daily active addresses indicates that more people are joining the network. Despite this increase in network activity, Solana (SOL) is still seeing a slight price drop over the past 24 hours of trading, according to CoinMarketCap.
SOL Price (CoinMarketCap)
At press time, SOL is trading at $21.09 after declining the price by 0.29% over the past day. The altcoin also managed to post a daily high of $21.24 and a daily low of $10.67 over the same time period.
The decline in the price of SOL weakened it against (BTC) and (ETH) by around 0.67% and 0.45%, respectively. Moreover, the 24-hour SOL volume fell by more than 40% over the past day, reaching $221,210,848.
Meanwhile, looking at SOL’s weekly performance, the altcoin’s recent price drop has dragged its weekly performance deeper into the red at -4.69%. The cryptocurrency also experienced a loss of 0.27% in the hour prior to press time.
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Solana Daily Active Addresses After 1M Milestone Approach First appeared in Coin Edition.