Solana, the cryptocurrency that recently gained attention for its remarkable price surge, has not only asserted dominance in the market but has also set notable records for network activity.
In a significant achievement, Solana successfully surpassed Binance Coin (BNB) to secure the position as the fourth-largest coin by market capitalization.
The cryptocurrency reached a recent yearly high at $117, experiencing a slight dip to $111 at the time of writing. Solana’s return on investment (ROI) stands impressively at 50292%. Adding to its list of accomplishments, Solana’s blockchain has witnessed a surge in new and active addresses, further solidifying its position in the cryptocurrency landscape.
The number of monthly active addresses on the Solana network exceeded 15.6 million in December, marking a substantial 50% increase from November.
Notably, this figure surpasses the 15.2 million recorded in January of the same year. Additionally, December saw the creation of 6.8 million new addresses, showcasing a growth trend from the 6.6 million recorded in May.
Solana’s ascent to the fourth-largest coin by market capitalization, coupled with its impressive network activity metrics, reflects a robust performance and growing interest in the cryptocurrency.
As the crypto community continues to closely monitor Solana’s developments, the blockchain’s achievements contribute to its reputation as a dynamic player in the ever-evolving digital asset landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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