Solana registers all-time high in monthly new addresses for January
Quick Take: New addresses on Solana reached an all-time high on a monthly basis in January. The count of new addresses on Solana increased to nearly 12 million during the month.
The monthly count of new addresses on Solana SOL +3.32% increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.
The last all-time high of unique new addresses to transact on the Solana network was in May 2022, with a count of 11.72 million.
The spike in new Solana addresses comes amid a likely flurry of fresh users engaging on native DEXs and memecoins like Wen and Bonk. The release of its native token by Jupiter, the network’s largest decentralized exchange aggregator, on the last day of the month likely contributed to this increase.
The 7-day average daily active addresses have also jumped by more than one-third since the start of the year, though the figure remains below the activity seen in May 2022.
Active addresses on Solana year-to-date | The Block
The native coin of the network — Solana (SOL) — saw a major price recovery from 2022 lows, reaching yearly highs of $120 by the end of December 2023. Since then, it has come down slightly.
In the past 24 hours, SOL has traded up by 6% and currently changing hands for $101.3, according to The Block’s price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Coherent (COHR.US) Q1 Conference Call: Secures $20 Billion AI Optical Mega Order, Raises Gross Margin Target to Above 45%
Coherent (COHR.US) held its earnings conference call for the first quarter of fiscal year 2027 (ending in September).
After Being Selected, the Data Center Pricing Logic Has Changed! Saying Goodbye to Disorderly Expansion, Shifting Focus from Competing for Growth to Competing for Scarcity
JPMorgan points out that after the US midterm elections, the pricing logic in the data center industry has quietly reversed. Out of 45 restriction measures, 42 were passed, and new projects in core states such as Texas and Georgia face the threat of suspension. The premium for completed and approved assets has risen significantly. Among these, 78% of high-yield development pipelines are concentrated in Texas, and projects scheduled for 2028 and beyond will face the most pressure. The industry is shifting from an expansion narrative to a new cycle focused on permit certainty and the repricing of operational assets.
Democrats Sweep Congress! Morgan Stanley Emergency Redraws Trade Map: Overweight Stocks Remain, AI Data Centers Become the Biggest Losers
Due to rising expectations for restrictive measures on data centers, market sentiment in the AI sector may be further negatively affected. However, Morgan Stanley's overall outlook remains intact, expecting resilient economic growth and continued gradual decline in inflation.
Crypto prices
More
