Number of active Solana addresses drops to a 12-month low

Jinse Finance reported that, according to data from The Block, as the meme craze fades, the number of active addresses on Solana has dropped to 3.3 million, hitting a new 12-month low and showing a significant decline compared to the peak of over 9 million active addresses in January. Despite the decrease in active addresses, Solana continues to expand its product infrastructure. The network is building new decentralized exchanges, prediction markets, and real-world asset protocols, while the total value locked in DeFi has reached 10 billion dollars, with protocols such as Jupiter, Kamino, and Jito performing prominently.