Solana has reached a new milestone with over 100 million monthly active addresses, a significant increase from the beginning of 2024. However, data suggests that most active wallets on Solana do not hold any SOL, leading to skepticism about the authenticity of the growth. Many users have zero-balance accounts, raising concerns about the legitimacy of the network's activity. The surge in active wallets coincides with an uptick in new tokens issued and new accounts created on the network. Despite criticisms of bot activity inflating numbers, Solana remains a popular choice for its fast transactions and low fees compared to Ethereum. The network's fee mechanism plays a crucial role in managing inflation, with a portion of fees burned to control emission rates. As Solana continues to attract more users, the network's efficiency and fee structure will be closely monitored. Read more AI-generated news on: https://app.chaingpt.org/news

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