The number of active wallets on Solana and Ronin increased to a record high
Solana is being warmly received
According to The Block's summary, the number of new wallets per day on the Solana blockchain has set a new all-time high. In the last 7 days, this number has reached 691,000 wallet addresses, more than doubling compared to last year's peak.
According to Tristan Frizza, founder of Zeta Markets, the spike in the number of new wallets is a positive sign that users are truly active on the network.
Frizza pointed out that Solana records more daily transactions than Ethereum, Arbitrum, Optimism, BNB Chain, TRON and Avalanche combined. Therefore, the achievement of blockchain with the third largest market capitalization seems to be within Solana's reach, Frizza continued.
And yet, decentralized exchanges on Solana have often reached over 2 billion USD in trading volume per day since the beginning of March. This is driven by the Bitcoin price that has continuously broken new peaks. And the market is expecting similar movements to happen to Ethereum and Solana. However, it should also be noted that Solana is still very far from the ATH level of 260 USD that this blockchain achieved in November 2021.
In any case, SOL price has increased by more than 12% in the past week.
In related developments, memecoin is also being actively traded on Solana. A series of "copycat" tokens with names of celebrities and politicians such as Jeo Boden (Joe Biden) and Andwu Tet (Andrew Tate) have flourished in the past week.
However, getting to this point has been a journey of effort for Ronin and the project team. Because this blockchain was attacked for up to 622 million USD in the past. However, after nearly 2 years of troubleshooting, Sky Mavis is now gradually regaining its lost position.
