In July, the number of active addresses on the Solana chain reached a new high of 54.33 million, an increase of 151% from the beginning of the year
According to The Block, data shows that in July, the number of active addresses on the Solana network reached a historic high of 54.33 million, a significant increase of 151% compared to the beginning of 2024 when it was 21.6 million. In addition, the number of non-voting transactions on the network also reached a peak of 1.3 billion in July, and the upcoming Firedancer upgrade is expected to push the network's performance to new heights. This alternative client deployment, developed by Jump Crypto, aims to significantly improve Solana's transaction processing capabilities and overall network resilience. Firedancer could enable Solana to process millions of transactions per second, far exceeding its current capacity. This upgrade will further solidify Solana's position as a high-performance blockchain.
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