Solana Surpasses Ethereum in NFT User Adoption, Hits 139 Million Active Addresses with 42% Increase

Solana has surpassed other blockchains, including Ethereum, in monthly NFT user adoption, with 137,000 users and a 37% dominance.

In October, Solana reached a record high of over 139 million active addresses, marking a 42% increase from September. The surge in active addresses, which also saw 120 million monthly active addresses, is attributed to the growing popularity of memecoins, particularly on platforms like Pump•fun and Raydium, which pulled in over $30 million.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.