The number of active Solana addresses drops to a 12-month low

Golden Finance reports that, according to The Block, as the meme craze subsides, the number of active addresses on Solana has dropped to 3.3 million, a 12-month low, significantly down from the peak of over 9 million active addresses in January. Despite the decline in active addresses, Solana continues to expand its product infrastructure. The network is building new decentralized exchanges, prediction markets, and real-world asset protocols, with the total value locked in DeFi reaching $10 billion, highlighted by protocols such as Jupiter, Kamino, and Jito.