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In July, the number of active addresses on the Solana chain reached 54.33 million, setting a new record high

CointimeCointime2024/08/14 03:15
By:Cointime

Data shows that the number of active addresses on the Solana network reached a historic high of 54.33 million in July, a significant increase of 151% from the beginning of 2024 when it was 21.6 million. In addition, the number of non-voting transactions on the network also reached a peak of 1.3 billion in July, indicating that the on-chain activity is very active. The upcoming Firedancer upgrade is expected to push the network's performance to new heights. This alternative client deployment, developed by Jump Crypto, aims to significantly improve Solana's transaction processing capabilities and overall network resilience. Firedancer may enable Solana to process millions of transactions per second, far exceeding its current capacity. This upgrade will further consolidate Solana's position as a high-performance blockchain.

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