Solana Blockchain’s record-breaking index seen through data Background of SOL’s new year-to-date high price

Almost all indicators are at record highs

In the virtual currency/blockchain Solana (SOL), the monthly number of new addresses and active addresses in December reached a new record high. This was revealed by data from The Block.

The number of active addresses on Solana has increased by about 50% from November’s figure due to the continued price growth of SOL, and now exceeds 15.6 million, exceeding the 15.2 million recorded in January of this year. SOL price today hit a new high of this year, reaching $125.

Source: The Block

Additionally, the number of new addresses reached a record high of 6.8 million in December, compared to 6.6 million in May 2023. On the other hand, the numbers that have not yet updated their records are transactions without voting, which are lower than the numbers for November. Transactions without voting are considered important as one of the indicators that reflects real user activity.

connection:Bitcoin approaches year-to-date high, Solana (SOL) rises to 4th place in market capitalization

Raydium fees exceed Uniswap

Due to the increase in transactions and capital inflows on the Solana network, the 24-hour trading fee of Raydium, Solana’s main DEX, also increased significantly, surpassing Uniswap’s trading fee for the first time on the 23rd.

BREAKING: @solana-BASED DEX @RaydiumProtocol FLIPS @Uniswap AND @LidoFinance IN 24H FEES pic.twitter.com/bzp6qHwkvp

— DEGEN NEWS (@DegenerateNews) December 23, 2023

It currently ranks fifth behind Uniswap.

Also, on a 24-hour trading volume basis, another Solana DEX, Orca, appears to be following the No. 1 Uniswap ($1.3 billion across all chains) with a trading volume of $523 million. In addition, Orca’s ratio of “Volume/TVL”, which measures capital efficiency, is 2.49, which is significantly higher than Uniswap’s 0.31.

Source: Defillama

Additionally, Jupiter, Solana’s largest decentralized exchange aggregator, is planning to airdrop JUP tokens in January next year, and it is predicted that more liquidity will shift to the Solana blockchain/dApps after the airdrop. ing.

connection: Solana DEX “Jupiter”, pre-confirmation page for free distribution of virtual currency JUP released

Maintains top NFL trading volume

Furthermore, it was also found that Solana NFT has maintained its second-place ranking, surpassing Ethereum NFT, in terms of trading volume over the past week. Ranked third in 24 hours.

Source: Cryptoslam

Also, in the past week’s NFT collection ranking, “Open Solmap”, which was just launched on Solana last Thursday, ranked in second place, exceeding the volume of many Bitcoin BRC-20 tokens.

Source: Cryptoslam

connection: Tailwind for the expansion of Solana penetration NY financial authorities approve the issuance of Paxos’ Solana stable coin

connection: “Bitcoin is the Godzilla of the financial world”, the revival of Solana and the spread of DePIN/AI = Messari’s 2024 report

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