Solana active addresses fall to 12-month low as memecoin frenzy fades
The Block
Solana's active addresses dropped to a 12-month low as the preceding memecoin trading enthusiasm subsided.Summary
The number of active addresses on the Solana network has decreased to 3.3 million, hitting a 12-month low, significantly down from the peak of over 9 million in January, which was driven by the memecoin launch and trading surge. Although overall enthusiasm has waned, the token launchpad pump.fun maintains strong activity, capturing about 90% market share in that segment. This trend highlights the vulnerability of ecosystems reliant on a single narrative, prompting Solana to focus on building more durable infrastructure, including decentralized exchanges and real-world asset protocols, while DeFi TVL remains at $10 billion.
(Source：The Block)