{"id":90991,"date":"2025-11-13T15:04:34","date_gmt":"2025-11-13T12:04:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90991"},"modified":"2025-11-13T15:05:40","modified_gmt":"2025-11-13T12:05:40","slug":"active-solana-addresses-decline-amid-meme-token-hype-fade","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/active-solana-addresses-decline-amid-meme-token-hype-fade\/","title":{"rendered":"Active Solana Addresses Decline Amid Meme Token Hype Fade"},"content":{"rendered":"<p>The number of active <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> addresses has fallen to a yearly low of 3.3 million. In January, the blockchain recorded a peak of about 9 million.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/solana\/number-of-active-addresses-on-the-solana-network-daily-7dma\/embed\" title=\"Number of Active Addresses on the Solana Network (Daily, 7DMA)\"><\/iframe><\/p>\n<p>The surge in growth was particularly evident at the end of 2024. During that period, the &#8220;people&#8217;s cryptocurrency&#8221; network solidified its position as a key platform for launching and trading meme tokens. This was largely due to its high speed and low fees <a href=\"https:\/\/messari.io\/compare\/ethereum-vs-solana\">compared to Ethereum<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"608\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026-1024x608.png\" alt=\"SOL_vs_ETH_comp\" class=\"wp-image-269623\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026-1024x608.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026-300x178.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026-768x456.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026-1536x912.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-1daf886f91b25276-9427699525067026.png 1850w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Comparison of Solana and Ethereum performance. Source: <a href=\"https:\/\/chainspect.app\/compare\/solana-vs-ethereum\">Chainspect<\/a>.<\/figcaption><\/figure>\n<p>However, the service Pump.fun maintains high metrics: its daily revenue exceeds $1 million, and its share among launchpads reaches about 90%. Thus, despite the decline in engagement, activity remains notable in certain segments.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/launchpads\/solana-launchpads-fees-daily\/embed\" title=\"Solana Launchpads Fees (Daily)\"><\/iframe><\/p>\n<p>The dynamics illustrate how quickly trends change in the crypto market and why ecosystems should not overly focus on a single growth driver. Networks reliant on a narrow use case become vulnerable when the corresponding momentum weakens.<\/p>\n<h2 class=\"wp-block-heading\">Not All Is Lost<\/h2>\n<p>Even amid declining on-chain activity, Solana continues to develop its infrastructure, with new <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a>, prediction markets, and <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">RWA<\/a> solutions emerging.\u00a0<\/p>\n<p><span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> in the DeFi ecosystem <a href=\"https:\/\/defillama.com\/chains\">approaches $10 billion<\/a>, surpassing <a href=\"https:\/\/forklog.com\/en\/news\/will-btcfi-fuel-bitcoins-next-leg-up\">BTCFi<\/a>, BNB Chain, and TRON; among the leading platforms are Jupiter, Kamino, and Jito.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c9d5fd3f1c49e036-9427895766330805.webp\" alt=\"Chains_TVL\" class=\"wp-image-269624\"\/><figcaption class=\"wp-element-caption\">TVL of top decentralized finance ecosystems. Source: <a href=\"https:\/\/defillama.com\/chains\">DefiLlama<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Developer activity on Solana remains relatively high. This may indicate an effort to build a more resilient ecosystem foundation, not limited to speculative trading.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"228\" data-id=\"269626\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-1024x228.png\" alt=\"devs_activity_comparison\" class=\"wp-image-269626\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-1024x228.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-300x67.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-768x171.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-1536x343.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-0db36bcec38a79c6-9427947529466274-2048x457.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Comparison of developer activity dynamics on Solana with other ecosystems. Source: <a href=\"https:\/\/www.developerreport.com\/\">Developer Report<\/a>.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"319\" data-id=\"269625\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-1024x319.png\" alt=\"active_devs\" class=\"wp-image-269625\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-1024x319.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-300x93.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-768x239.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-1536x479.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-f64c4e2d2fcfc325-9427947539033702-2048x638.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of active developers on Solana. Source: <a href=\"https:\/\/www.developerreport.com\/ecosystems\/solana\">Developer Report<\/a>.\u00a0<br \/><\/figcaption><\/figure>\n<\/figure>\n<p>Despite these positive factors and <a href=\"https:\/\/forklog.com\/en\/news\/solana-etfs-attract-over-350-million-in-11-days\">inflows<\/a> into recently launched spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>, the price of SOL has dropped by approximately 21% over the past 30 days, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>. At the time of writing, the asset is trading at around $155.<\/p>\n<p>Earlier, Bitwise&#8217;s Chief Investment Officer Matt Hougan <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-cio-compares-solanas-potential-to-bitcoin\">suggested<\/a> that Solana could replicate Bitcoin&#8217;s success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of active Solana addresses has dropped to a yearly low of 3.3 million. In January, the blockchain recorded a peak of about 9 million. The surge in growth was particularly evident at the end of 2024. During that period, the &#8220;people&#8217;s cryptocurrency&#8221; network solidified its position as a key platform for launching and trading meme tokens. This was largely due to its high speed and low fees compared to Ethereum.<\/p>\n","protected":false},"author":1,"featured_media":90992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Active Solana addresses hit a yearly low, dropping to 3.3 million from a January peak of 9 million.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1268,1159],"class_list":["post-90991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-on-chain-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"290","promo_type":"1","layout_type":"1","short_excerpt":"Active Solana addresses hit a yearly low, dropping to 3.3 million from a January peak of 9 million.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90991"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90991\/revisions"}],"predecessor-version":[{"id":90993,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90991\/revisions\/90993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90992"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}