Solana Blockchain’s record-breaking index seen through data Background of SOL’s new year-to-date high price

Virtually all indicators are at document highs

Within the digital foreign money/blockchain Solana (SOL), the month-to-month variety of new addresses and energetic addresses in December reached a brand new document excessive. This was revealed by information from The Block.

The variety of energetic addresses on Solana has elevated by about 50% from November’s determine as a result of continued worth development of SOL, and now exceeds 15.6 million, exceeding the 15.2 million recorded in January of this 12 months. SOL worth immediately hit a brand new excessive of this 12 months, reaching $125.

Moreover, the variety of new addresses reached a document excessive of 6.8 million in December, in comparison with 6.6 million in Might 2023. However, the numbers that haven’t but up to date their information are transactions with out voting, that are decrease than the numbers for November. Transactions with out voting are thought-about necessary as one of many indicators that displays actual person exercise.

connection:Bitcoin approaches year-to-date excessive, Solana (SOL) rises to 4th place in market capitalization

Raydium charges exceed Uniswap

As a result of enhance in transactions and capital inflows on the Solana community, the 24-hour buying and selling price of Raydium, Solana’s predominant DEX, additionally elevated considerably, surpassing Uniswap’s buying and selling price for the primary time on the twenty third.

BREAKING: @solana-BASED DEX @RaydiumProtocol FLIPS @Uniswap AND @LidoFinance IN 24H FEES pic.twitter.com/bzp6qHwkvp

— DEGEN NEWS 🗞️ (@DegenerateNews) December 23, 2023

It at the moment ranks fifth behind Uniswap.

Additionally, on a 24-hour buying and selling quantity foundation, one other Solana DEX, Orca, seems to be following the No. 1 Uniswap ($1.3 billion throughout all chains) with a buying and selling quantity of $523 million. As well as, Orca’s ratio of “Quantity/TVL”, which measures capital effectivity, is 2.49, which is considerably greater than Uniswap’s 0.31.

Supply: Defillama

Moreover, Jupiter, Solana’s largest decentralized change aggregator, is planning to airdrop JUP tokens in January subsequent 12 months, and it’s predicted that extra liquidity will shift to the Solana blockchain/dApps after the airdrop. ing.

connection: Solana DEX “Jupiter”, pre-confirmation web page at no cost distribution of digital foreign money JUP launched

Maintains high NFL buying and selling quantity

Moreover, it was additionally discovered that Solana NFT has maintained its second-place rating, surpassing Ethereum NFT, by way of buying and selling quantity over the previous week. Ranked third in 24 hours.

Supply: Cryptoslam

Additionally, up to now week’s NFT assortment rating, “Open Solmap”, which was simply launched on Solana final Thursday, ranked in second place, exceeding the amount of many Bitcoin BRC-20 tokens.

Supply: Cryptoslam

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connection: “Bitcoin is the Godzilla of the monetary world”, the revival of Solana and the unfold of DePIN/AI = Messari’s 2024 report

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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (digital foreign money media) (@coin_post) December 21, 2023