Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    What's Hot

    Binance CEO CZ rejects allegations of market manipulation

    March 27, 2023

    Bitcoin surge brings new hope to miners after months of slumping profits

    March 27, 2023

    Australia would not allow AT1 debt security holder wipe-out -minister By Reuters

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    Cryptonounce.com
    Contact
    • Business
      • Deals
      • investors
      • IPO
      • Startups
      • Wall Street
    • Markets
      • Bonds
      • Commodities & Futures
      • Currencies
      • Funds & ETFs
      • Stocks
    • Crypto
      • Alticoins News
      • Binance News
      • Bitcoins News
      • Blockchain News
      • Ethereum News
      • Token Sales News
      • XRP News
    • Technology
      • Artificial Intelligence
      • Big Data
      • Cloud Computing
      • Cybersecurity
      • Gaming
      • Internet of Things
      • Mobile
      • Social Media
      • Transportation
      • VR & AR
    • FinTech
    • Personal finance
    • Grides
      • Crypto
      • FinTech
      • Investing
      • Personal Finance Guides
      • Techonology
    • Tools
      • Coins
      • ICO List
      • Organigations
      • Events
    Cryptonounce.com
    Home » Active Solana wallets tripled since FTX disaster
    Binance News

    Active Solana wallets tripled since FTX disaster

    AdmincryptBy AdmincryptJanuary 9, 2023No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Active Solana wallets tripled since FTX disaster
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Blockchain data shows that the number of daily active wallets on Solana (SOL) is recovering and is now three times higher than what was reported before the collapse of FTX — a major crypto exchange with which solana shared a founder.

    Blockchain data shared on Jan.6 by Tom Dunleavy — senior research analyst at crypto data firm Messari — shows that the number of daily active wallets on the Solana blockchain are now three times higher than before the collapse of FTX.

    The data shows a drastic increase from under 40,000 daily active wallets before the disaster to well over 120,000 daily active wallets in more recent data.

    Active Solana wallets tripled since FTX disaster - 1
    Solana daily active wallets chart. | Courtesy of Tom Dunleavy

    An interactive chart at Dune shows that Solana’s daily active users peaked on Jan.5 at 238,470.

    While “daily active user” is a vague term considering that one user may — and often does — actually use multiple private keys, the name of the variable “account_keys” used in the code that generated the data shown in the chart suggests that it is showing the number of daily active addresses like the chart shared by Dunleavy.

    The pickup in activity is recent, as shown by Dune’s monthly active users chart — or again, monthly active addresses — having fallen sharply from 1,704,430 in October down to 1,061,182 in December, down nearly 48%. Most of the pick up in activity happened in January.

    More in-depth analysis reveals that Solana’s decentralized finance (DeFi) ecosystem is having a major resurgence right now. Dune’s chart showing Solana’s DeFi daily active users — meaning addresses — shows a peak of 63,677 reported on Jan.5, up 295% from 16,114 back on Dec.10, as far as the chart goes.

    Active Solana wallets tripled since FTX disaster - 2
    Solana DeFi daily active wallets chart. | Courtesy of Dune

    Furthermore, also the number of addresses active on Solana’s non-fungible token (NFT) marketplaces is also clearly in an uptrend, according to another Dune chart.

    All of this data cements the idea that Solana’s ecosystem is gaining traction once again, despite its attribution to FTX and Alameda Research which caused many to wonder if the protocol had any future.

    The findings follow a recent report that solana gained almost 12% in value over the last 24 hours, with some suggesting that the reason may be partly due to a growing interest in SOL’s meme coin BONK or the release of Solana’s Saga phone.

    Solana’s Saga recently opened for pre-orders at a price of $1,000, those who pay for the device in advance will also receive a free NFT.


    Follow Us on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleApple, Tesla, Amazon, Netflix, Meta
    Next Article Khosla Ventures goes after $3B in new funds • TechCrunch
    Admincrypt
    • Website

    Related Posts

    US CFTC takes legal action against Binance, crypto markets fall

    March 27, 2023

    Vitalik Buterin sent coded message in Polygon zkEVM launch

    March 27, 2023

    OKX unveils OKB chain roadmap as project develops

    March 27, 2023

    Analysts bet on BTC and ETH to rally amid banking nightmare

    March 27, 2023

    Leave A Reply Cancel Reply

    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Crypto

    Binance CEO CZ rejects allegations of market manipulation

    By AdmincryptMarch 27, 20230

    Binance CEO Changpeng ‘CZ’ Zhao has rejected allegations from the Commodities Futures and Trading Commission…

    Bitcoin surge brings new hope to miners after months of slumping profits

    March 27, 2023

    Australia would not allow AT1 debt security holder wipe-out -minister By Reuters

    March 27, 2023

    Daily Crunch: Twitter tells GitHub to remove proprietary source code and help them ID who posted it

    March 27, 2023

    Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    NEWS
    • Business
    • Crypto
    • Blockchain
    • Markets
    • Technology
    FEATURED SECTIONS
    • Coins
    • ICO List
    • Organigations
    • Events
    • Grides
    FEATURED LINKS
    • Story of the day
    • Videos
    • Infographics
    CONNECT WITH US
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • Pinterest
    ABOUT US
    • Contact
    • Advertise
    • Sitemap
    Copyright © 2023 Cryptonounce All rights reserved. Cryptonounce.
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?