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Solana Wallet Daily Activity 3X Since FTX Crash According to CoinEdition


Solana wallet daily activity 3x since FTX crash
  • The number of daily active wallets on the network has tripled since the FTX exchange collapsed.
  • Solana’s daily active wallet increased even as the price of SOL dropped in late 2022.
  • The increased activity on Solana is linked to the launch of the network’s pioneering meme token, Bonk.

Data from Messari, a distributed data library, shows that the number of daily active wallets on the Solana network has tripled since the FTX exchange collapsed. According to the platform, before FTX closed, the number of daily active wallets on Solana was under 40,000. As of press time, this number has grown to over 120,000.

Solana’s daily active wallet boom coincided with the rise of other fundamental metrics on the network. Solana’s market capitalization has increased by more than $400 million. Its price has increased from 12.45 USD to 13.29 USD after falling to 8.29 USD in the last days of 2022.

A recent tweet by Ton Dunleavy, Senior Research Analyst on Messari acknowledged the increasing number of daily active wallets. The screenshot on the tweet highlights that even as the price of SOL decreases, the number of active wallets increases.



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