The number of active Solana addresses fell to a two-year low

The number of wallets on the Solana network that regularly send and receive funds has dropped to its lowest level since the fall of 2020. In early September, that number dropped to 204,000, The Block reported.
Over the past few days, network activity on Solana has been weakening, despite information that institutional investors continue to invest in crypto funds focused on this altcoin.
According to CoinShares, asset managers have invested more than $26 million in SOL funds since the beginning of 2023.

Leave a Comment