Solana just reached a new milestone in December, as the cryptocurrency continues its unprecedented growth pattern throughout the year. With Solana seeing a nearly double increase in price since the beginning of the month, its popularity among consumers has increased. Along the same lines, the Solana blockchain has seen a surprising increase in user engagement over the course of this month.
Although there is still a week left in the month, Solana’s monthly address activity level has surpassed its previous high point this year, hitting a new milestone of over 16.45 million in December. This is despite there still being a week left in the month.
Meanwhile, data stored on the blockchain indicates that the total number of new addresses created this month alone has surpassed 7.23 million. This increase in the number of new users flocking to the network could indicate that SOL’s price is likely to hit $200 in the near future.
Solana’s Rising Activity and Network Usage
More than most people would have expected, Solana’s popularity has increased this year. As a direct result of this, Solana’s market value has increased and has quickly surpassed both XRP and BNB, becoming the most valuable cryptocurrency in the world.
On-chain statistics from The Block indicate that the number of active addresses associated with Solana has been increasing since October, peaking at 981,380 daily transactions on December 21. This represents a new yearly record for the cryptocurrency. Meanwhile, the number of transactions that occurred in December reached a new all-time high of 16.45 million, surpassing the total of 15.24 million recorded in January.
