Solana Active Addresses Plunge 60%, Signaling a Potential Downswing in Adoption

Solana’s active addresses have experienced a significant decline, falling from over 18 million to a mere 7.3 million, marking a steep drop of 60%. This reduction in network activity has sparked concerns about the long-term adoption and future outlook of Solana, a prominent blockchain platform. Experts suggest that market volatility, competition from other networks, and past technical challenges may be contributing factors to this decline.