Recent data reveals that Solana has emerged as the leading blockchain with 23.45 million active addresses over the past week, significantly outpacing networks such as BNB Chain and Base.
Solana and Other Platforms' Activity
In the last week, Solana registered 23.45 million active addresses, while BNB Chain and Base recorded 10.59 million and 8.71 million respectively. The increase in activity suggests growing interest in decentralized applications, which could positively impact DeFi metrics.
Market and Community Reactions
The market has shown muted reactions, with no significant shifts from institutional investors. Official representatives of projects like Tron and Binance have not commented on the situation. However, community forums and GitHub activities indicate positive trends, particularly for Ethereum's Layer 2 known as Base.
Historical Context and Expert Insights
Historically, the use of highly active blockchains like Solana has led to short-term price volatility. Currently, Solana (SOL) holds a market cap of $80.82 billion, and its price stands at $151.11. A stable increase has been noted, particularly in the last three months, with a 41.35% rise.
The surge in addresses and activities within Solana's network raises questions about the need for further technological expansion and potential regulatory compliance. The coming period will be crucial for assessing the sustainability and prospects of the blockchain.
