Solana’s monthly active address count has surged past 100 million, setting a new all-time high for the network, according to data from blockchain platform Artemis Terminal. This marks a significant increase from the 509,000 monthly active addresses recorded by Artemis at the start of 2024. However, supporting data suggests that most active wallets on Solana do not hold any Solana (SOL). Skeptics attribute this rapid growth to bots artificially inflating the metrics, a critique often associated with Solana’s success. Solana data provider Hello Moon reported that over the past month, more than 86 million users had 0 SOL in their
