According to TechFlow, on October 9, Cointelegraph reported that the blockchain data platform Artemis Terminal reported that Solana's monthly active addresses have exceeded 100 million, setting a record high. However, data shows that most active wallets do not hold SOL tokens. According to Hello Moon data, in the past month, more than 86 million users have zero SOL balances in their wallets, about 15.5 million users hold less than 1 SOL, and about 1.5 million users hold less than 10 SOL.

Justin d'Anethan, head of Asia-Pacific business development at market maker Keyrock, said that the lifetime value of most Solana addresses is less than $10, a data that suggests that there may be non-entirely legal or non-organic growth factors. Despite this, other indicators of the Solana network are still showing positive trends. Since September 26, 2024, the number of new tokens added to the network has remained above 17,000 per day. In particular, on October 8, the number of new Solana accounts exceeded 10 million, more than doubling from the previous day.