A record number of new addresses were created on the Solana blockchain
According to The Block's Data Dashboard, the daily number of new addresses on the Solana blockchain has reached an all-time high of over 691,000 (based on a seven-day rolling average).
According to Zeta Markets founder Tristan Frizza, the growth of addresses confirms the real activity of users on the network.
This suggests that we are not only witnessing speculative interest, but are poised to see new all-time highs thanks to genuine participation.
Considering that Solana already records more daily transactions than Ethereum, Arbitrum, Optimism, BNB Chain, Tron, and Avalanche, the network's rise to the top three by market cap seems inevitable.
Frizza added that Solana has seen a sharp increase in DEX transaction volumes, which have consistently surpassed the $2 billion daily trading threshold since early March.
Since Bitcoin has reached new record highs several times over the past week, similar movements are expected for Ethereum and Solana, caused by capital rotation in the markets, says the founder of Zeta Markets.
