Solana's daily active wallets rose 37% month-to-date, as retail traders scrambled for memecoin trading opportunities on DEXs.
, the number of daily active wallets jumped 37% month-to-date, with the count of 794.9K on the 7th of March being the second-highest in 2024.Unique active wallets are those that pay fees for at least one transaction within a given time frame.
As the graph shows, the daily count went parabolic since November 2023. Before this, Solana saw less than 100,000 active wallets daily.While Ethereum has long been the go-to chain for memecoin trading, Solana’s recent successes have spiced up the competitive landscape.was exchanging hands at $146.76 at press time, having risen 14% over the week. The fifth-largest crypto’s monthly gains stood at an impressive 42%.Aniket is a full-time journalist at AMB Crypto.
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