Solana hit an all-time high in monthly new addresses in January

According to The Block Data, the number of new addresses on the Solana blockchain increased significantly in January.
The number of new monthly addresses on Solana increased to 11.81 million in January. This is an 18% increase from about 10 million in December – the highest level in many months at the time. there.
The most recent all-time high (ATH) of unique new addresses trading on the Solana Network was in May 2022, reaching 11.72 million.
The number of new addresses on Solana comes amid a surge of new users joining native DEXs and memecoins like Wen and Bonk. The release of native tokens by the largest decentralized exchange aggregator Jupiter network on the last day of the month may have contributed to this increase.
The seven-day average number of daily active addresses has also increased by more than a third since the beginning of the year, although this is still lower than activity in May 2022.

Addresses active on Solana from the beginning of the year until now | Source: The Block

Solana-based Jupiter airdrop has generated considerable excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum.
SOL rebounded strongly from the 2022 lows, reaching a yearly high of $120 at the end of December 2023. Since then, it has decreased slightly.
Over the past 24 hours, SOL is up 6% and is currently trading for $101.30.

DEXs on Solana surpass Ethereum in daily trading activity

The Jupiter airdrop on Solana has generated significant excitement, driving the trading activity of the decentralized exchange (DEX) on this layer 1 blockchain network far beyond that of Ethereum.
Data from DeFillama shows that the DEX at Solana facilitated transactions totaling $1.14 billion in the past 24 hours, surpassing the roughly $1.13 billion traded on platforms at Ethereum in the past 24 hours. same time.
This achievement highlights Solana's remarkable growth and widespread adoption in the DeFi ecosystem, attracting the attention of the crypto community. Notably, last December was the first time DEX Solana overtook Ethereum, driven by surging memecoin and stablecoin activity.
While the daily figures demonstrate Solana's temporary lead, it is worth noting that the weekly trading volume of DEXs on Solana was $6.11 billion, slightly behind 7.85 billion dollars of Ethereum.