CandleFocus Solana’s Monthly Active Addresses Skyrocket to 138 Million as SOL Ecosystem Grows
2024-11-05
Author: Content Editor
The Solana network has experienced significant growth in monthly active addresses, reaching 138 million this month. The network's active addresses have seen exponential growth throughout the year, particularly since August when it surpassed 100 million. This rise is accompanied by a surge in the total value locked (TVL) on Solana's decentralized finance ecosystem. Despite concerns regarding the collapse of FTX and its impact on the Solana ecosystem, investors have reengaged with Solana-based projects, leading to increased activity.
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