Although Solana’s active address count has climbed to 100 million, most wallets appear to hold little or no SOL.
Solana’s monthly active address count has soared past 100 million, marking a new all-time high for the network, according to blockchain data platform Artemis Terminal.
This represents a big jump from the 509,000 monthly active addresses recorded by Artemis at the beginning of 2024.
However, supporting metrics indicate that most active wallets on Solana aren’t holding any Solana (SOL), with skeptics attributing this explosive growth to bots artificially inflating metrics — a critique that often accompanies Solana’s success stories.
