Solana signups surge to new record in January

In January, the Solana blockchain recorded its highest level of new addresses since May 2022.

According to Hellomoon, the number of new Solana addresses reached 10.13 million in January. This figure was a record since May 2022, when 11.72 million addresses appeared on the network. At the same time, in the entire history of the blockchain, January 2024 was in second place after May 2022 in terms of the number of new addresses.

The success of Solana-based meme coins has undoubtedly influenced the number of registrations. The latest popular meme token, WEN, is currently being distributed to over a million users, although almost half of them remain unclaimed at the time of publication.

The WEN airdrop also serves as a test for Jupiter, Solana’s largest decentralized exchange aggregator, ahead of this Wednesday’s planned airdrop of its native governance token, JUP. The first JUP airdrop is open to 955,000 eligible users who have met the $1,000 swap volume requirement by the time of the November 2023 snapshot.

Over the past year, SOL has increased in price by over 300%. However, as of this writing, it has a market capitalization of $41.9 billion and is trading at $96.92 per coin, down from the all-time high of -62.57% when the token traded at $260.06 on Nov. 7, 2021.

However, this does not prevent Solana from updating its record – last week its daily trading volume exceeded the $3 billion mark, according to Hellomoon. In December, SOL was among the tier-1 proof-of-stake chains that dominated the altcoin rally, posting good price gains.