The number of addresses that actively sent or received Solana coins on the blockchain grew by over 25,000 between October and November 2021. Reaching well over two million addresses for the month of November, the graphic reveals that network activity was at its highest recorded level since the start of 2021. This is due to the growing popularity of both NFTs and Decentralized Finance (DeFi) combined with the growing transactions fees on Ethereum - the biggest blockchain for both of these activities. The growing gas price for Ethereum led people to find both cheaper as well as faster alternatives, of which Solana is one.
