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- 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
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O
Intense Interest in the Solana Ecosystem Continues: Record Broken in the Number of New Addresses
The hype continues to gain momentum in the Solana ecosystem.
Accordingly, the number of daily new users is over 691,000.
Airdrop events and meme coin hype are driving this process.
Intense Interest in the Solana Ecosystem
According to Tristan Frizza, founder of Zeta Markets, the increased adoption data points to actual user activity on the network. Frizza commented on the subject:
"This shows that not only are we witnessing speculative interest, but we are poised to see new all-time highs because of this real turnout. With Solana already recording more daily transactions than Ethereum, Arbitrum, Optimism, BNB Chain, Tron and Avalanche combined, it seems inevitable that it will rise to the top three blockchain ecosystems by market cap."
Frizza added that DEX platforms serving the Solana ecosystem have experienced an increase in trading volumes, consistently exceeding the $2 billion daily trading threshold since early March. The founder of Zeta Markets commented on the subject:
"With Bitcoin hitting new all-time highs several times over the past week, similar moves are expected for Ethereum and Solana, driven by capital rotations in the markets."
What's Happening in the Solana Ecosystem?
Frizza noted that Solana is still significantly below its all-time high of $260, which it reached in November 2021. According to data from Tradingview, the surge in new Solana addresses comes as the price of SOL has risen by over 12% over the past seven days. The GM 30 Index, which represents the top 30 cryptocurrencies, has risen by 3.57% to 157.54 in the last 24 hours.
The hype process in the Solana ecosystem can be associated with the significant acceleration of the SOL price and the airdrop events in the ecosystem can be associated with the rises in meme coin projects. In this process, the fact that the airdrop activities carried out for users were not related to the past activity process enabled new users to rush to the ecosystem.
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