Solana’s rise in daily active addresses can be attributed to its unique architectural advantages. These include faster transaction speeds and lower costs compared to Bitcoin and Ethereum.
Solana’s Technical Edge Boosts User Activity
Solana has carved out a niche by focusing on scalability and performance. This has made it increasingly attractive for developers and users alike who are looking for efficient and cost-effective blockchain solutions.
?? BREAKING: continues to dominate Bitcoin and Ethereum in Daily Active Addresses for the past 2 months. pic.twitter.com/TEWNmvmNFj
— SolanaFloor | Powered by Step Finance (@SolanaFloor) April 18, 2024
The significant growth in Solana’s daily active addresses is reflective of its strengthening ecosystem. Numerous new projects and partnerships have been launched on Solana’s platform in recent months, ranging from DeFi applications to NFT marketplaces. These initiatives have contributed to increasing network activity, drawing more users to the platform. Moreover, Solana’s development community is growing, bolstered by strong developer tools and support, driving further innovation and adoption
More About Solana
Coinbase has announced the integration of Marinade Finance’s liquid staking token into its platform. This new addition will be available for trading and custody on COINBASE Prime, targeting institutional clients.
??NEWS: @CoinbaseInsto Announces integration of @MarinadeFinance's mSOL liquid staking token for trading and custody on Coinbase Prime. pic.twitter.com/YlwTICsPyH
— SolanaFloor | Powered by Step Finance (@SolanaFloor) April 17, 2024
The integration of mSOL, a token that represents staked SOL in Marinade Finance, aims to provide Coinbase users with enhanced options for earning staking rewards on Solana while maintaining liquidity.
