In January, the Solana network experienced a significant increase in daily active addresses, rising by approximately 115 percent. During the second half of the month, Solana recorded over 500,000 daily active addresses. Meanwhile, the Ethereum network saw a 25 percent growth in daily active addresses following a major upgrade implemented in December. Both Solana and Ethereum are blockchain platforms that provide the infrastructure for cryptocurrencies and decentralized applications (DApps). Solana is gaining popularity due to its high speed and low transaction fees, while Ethereum remains the largest smart contract platform globally, recently enhancing its network performance through an upgrade. This growth indicates rising user interest and increased network usage, reflecting the expanding adoption of blockchain technology. Solana’s growing popularity and Ethereum’s efforts to leverage its upgrade are likely to support the future development of both networks. However, as blockchain networks evolve, the need to address security concerns and ensure network stability becomes more critical. Considering market fluctuations and technical challenges, it will be interesting to observe how these networks maintain their performance in the coming months.
Source: binance
