Solana's active address count surged past 100 million, a new all-time high, compared to just 509,000 at the beginning of 2024. However, critics suggest that much of this growth is driven by bots, as most active wallets hold little to no $SOL. Over 86 million users had 0 $SOL in their wallets last month. Despite concerns, Solana’s ecosystem remains active, with a rise in new accounts and tokens issued on the network. While bots are criticized for inflating numbers, they still pay fees, contributing to the network's revenue and long-term inflation management. Solana continues to boast low transaction fees and is the third-largest blockchain for DeFi, with a total value locked of $5.41 billion. Source: Cointelegraph
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