PANews reported on October 9 that according to Cointelegraph, according to data from blockchain data platform Artemis Terminal, Solana's monthly active addresses have soared to more than 100 million, setting a record high for the network. This is a big leap compared to the 509,000 monthly active addresses recorded by Artemis in early 2024.

However, supporting indicators show that most active wallets on the Solana network do not hold any SOL tokens, and skeptics attribute this explosive growth to bots artificially inflating the indicators. According to data from Solana data provider Hello Moon, over 86 million users held 0 SOL in their wallets in the past month, about 15.5 million users held less than 1 SOL, and about 1.5 million users held less than 10 SOL.

Justin d'Anethan, head of business development for Asia Pacific at market maker Keyrock, said: "Most Solana addresses have a lifetime value of less than $10, which shows that although the ecosystem is indeed very active and the token is performing very well, this is not entirely legitimate or natural." Dan Hughes, founder of decentralized financial platform Radix DLT, believes that interaction with centralized exchanges (CEX) or decentralized financial applications (DeFi) may be a possible reason for the existence of a large number of active wallets with zero balance.