While the same season was believed to be ended over Solana, a new series of frantic launches from Tokens relaunches the activity of the network. This return shows that Solana will undoubtedly renew the feat of the previous cycle and remain a sure value of the web3.
In short
- Solana sees her number of active addresses increase.
- The memecoins season includes unexpectedly.
- Should we expect a new Haussier rally from Solana?
Solana's activity surpasses Ethereum
For more than a year, the Solana blockchain has been experiencing a real rebirth and the dark hours after FTX have been far away. The same season has indeed revived the blockchain activity in 2024. In addition, the announcement of soil integration in the American federal reserve sparked an increase in this cryptocurrency, with unpublished network income. While the soil was under the ten dollars in December 2022, the resistance of the $ 250 was exceeded for the first time in November 2024.
While many networks are struggling to attract users, the Solana network has experienced an increase in its activity for a few weeks.
The site Soil shows that the number of active addresses regularly finds the figures for the start of the year. In mid-May, the network has reached 5.5 million addresses active over 24 hours. We are far from the records in the fall of 2024. Solana had reached the record of 123 million addresses in October. Since then, many users have deserted the web3 because of the fall in the market this winter.
A return of the same
Originally known for NFT collections launches, the Solana blockchain has become the flagship network of the same since the launch of the Pump.fun application. This resumption of the activity of this sector is not trivial. In reality, the Pump.Fun application, which allows you to create and launch a token in a few clicks, has just launched a new feature on May 12. The platform's revenues are redistributed 50% to the creators of Tokens. Each trade thus allows creators to gain 0.05% of the value of the trade. For example, a creator earns $ 5,000 for a trip of ten million. To be eligible for this redistribution, it is necessary, however, the token is still only on Pump.fun. It is this condition that promotes the creation of new tokens.
Thanks to this novelty, the network remains by far the first in the creation of Tokens. Aggregated data on Dune Analytics Show that the Solana blockchain concentrates more than two -thirds of the new tokens. This new memecoin season has no particular theme. It is distinguished from those of 2024 with the AI Agents or the Tokens taking up the names of personalities following the launch of the Trump and the Melania. This new hype therefore may be very ephemeral. However, it shows that the Solana network is always able to support a very significant activity while keeping very reduced transaction costs.
A new bullish rally for the ground?
Analysis of the price of the soil over one year shows a vitality that has little altcoins. Most of them unfortunately enjoyed the increase in the BTC. On the contrary, the price of the soil was strongly correlated at the price of the BTC until January 2025. From the ATH at 257 dollars on January 19, the soil has been a significant drop to approach the hundred dollars in April. He then dropped much more strongly than the BTC. Since then, the soil has returned to more than 50% to today reach 167 dollars.
However, a quick comparison with a few altcoins shows that the soil is one of the most resistant values on the market. For example, the ETH has suffered much more strongly the drop in the market this winter. Only his recent significant increase allows him to catch up with part of his delay. Similarly, the AVAX and the tone have more strongly subjected to the drop in the market without succeeding in regaining an upward trend in recent weeks.
Among the altcoins close to the soil in capitalization, only the ADA and the XRP outperform the soil over a year. Trump's election has made their lessons jump, but a finer analysis shows that they have been correlated on the ground for a month.
Once again, the Solana blockchain shows that it is an essential alternative to Ethereum. Although it is less popular with institutional, it remains the central blockchain of the same. However, the deployment of the CCIP of Chainlink on Solana, offering an interoperability which benefits from the confidence of the banking and financial sector, could attract new players.
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