According to The Block, the Solana network's seven-day moving average (7DMA) for daily non-voting transactions reached 46 million, the highest level since January 2022 and nearly double the 21.90 million in late April 2024.
Non-voting transactions refer to all transactions on the network unrelated to the validator voting process, which can include various activities such as money transfers, smart contract interactions, and decentralized application (dApp) usage. The proliferation of non-voting transactions can be attributed to the thriving "memecoin" economy in the Solana ecosystem, where platforms such as pump.fun have contributed significantly to this growth.
According to its 7DMA, the Solana network has 1.45 million active addresses per day, which means that the average active user makes more than 30 transactions per day. This is in stark contrast to Ethereum, where the average active address makes only two transactions per day.
7DMA of daily non-voting transactions on Solana network reaches 46 million, highest since January 2022
2024-07-17 19:04:53
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