One of the largest blockchain networks bitcoin And on Ethereum Transfer fees, which continue to rise, have directed users who send and receive cryptocurrencies to the Solana network.
According to the graphic shared by crypto tracker The Block wither The weekly active wallet average on This figure is the highest level seen since June 2022 when the crypto market faced deep selling.
According to on-chain data, the number of new addresses created on the SOL network for the first 15 days of May was above the entire last month. While 3.75 million addresses were opened on Solana in April 2023, this figure is around 4.19 million as of May.
Unlike Solana, the number of active wallets in the Bitcoin network is at its lowest since July 2021.
Cryptocurrency expert Rebecca Stevens emphasized that since the beginning of May, there has been a serious increase in Ethereum transfer fees. According to the analyst, users who do not want to pay high fees turned to alternatives such as Solana and Polygon.
LEFT Price
Native token of Solana, Ethereum’s largest rival network LEFThas been flat since the beginning of the year.
Fluctuating in the $27.25 – $18.31 range, the $19.90 level acts as an important support for Solana in the short term.
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