Published on February 02, 2024 13:53 GMT+00:00edited on February 02, 2024 13:54 GMT+00:00

There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard.

The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.

The last all-time high of unique new addresses to transact on the Solana network was in May 2022, with a count of 11.72 million.

The spike in new Solana addresses comes amid a likely flurry of fresh users engaging on native DEXs and memecoins like Wen and Bonk. The release of its native token by Jupiter, the network’s largest decentralized exchange aggregator, on the last day of the month likely …