**Solana’s Active Addresses Hit Record High Amid Controversy**

Solana's network has seen a surge in monthly active addresses, surpassing 100 million, a significant leap from 509,000 at the start of 2024, according to Artemis Terminal. However, most of these wallets hold no Solana (SOL), raising suspicions of bot activity inflating metrics.

Data from Hello Moon reveals that over 86 million users held 0 SOL last month. Experts suggest interactions with centralized exchanges and DeFi apps might explain the zero-balance accounts.

Despite skepticism, Solana's ecosystem remains active, with a notable rise in new tokens and accounts. The network's low fees and high transaction speed continue to attract users, though some argue this environment benefits bots more than humans. As of October 9, Solana ranks third in DeFi with a total value locked (TVL) of $5.41 billion, trailing behind Ethereum and Tron.