Tag: underwhelming

The post Solana Active Addresses Tumble Yet Bulls Still Cling To Optimism ⋆ ZyCrypto appeared com. Solana’s active addresses have slumped to a 12-month low from their previous peak amid shifting user behaviour. Despite the marked decline, Solana bulls are targeting a resurgence that could propel asset prices toward $200 by the end of the year. Active Addresses Tumble To 3. 3 Million As Memecoin Interest Wanes On-chain activity has revealed a steady decline in the number of active addresses on Solana over the last year. According to the latest data, Solana’s active addresses are pegged at 3. 3 million, representing a 12-month low for the blockchain that has established itself as a leader in memecoin launches and trading. Early in the year, active addresses stood at just over 9 million, with the latest number reflecting a significant 63% drop. A bird’s-eye view of Solana’s active addresses reveals that the decline was gradual, falling in tandem with the waning interest in memecoin in 2025. Furthermore, on-chain data indicates concentrated activity in specific segments despite the falling user metrics. Memecoin launchpad Pump. fun has braved the decline in Solana active addresses to generate over $1 million per day and corner 90% of the token launchpad market share. Analysts are interpreting the slump in active addresses as the downside of riding the wave of a single narrative. Solana’s users spiked in 2024, driven by a memecoin frenzy, but a decline in the memecoin narrative has had a dire impact on the network’s overall metrics. Advertisement Alongside the decline in users, SOL price has fallen from its all-time high of $294 to trade at $143. In the last month, SOL has shed 26% of its market value, bearing the brunt of the broader crypto market bearishness. Still Rippling With Optimism While the numbers around Solana appear largely underwhelming, enthusiasts are bullish on a near-term resurgence for the.