Solana Network Growth Surges to 11.12M Addresses Marking a New High

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March 30, 2025 by Bena Ilyas

Solana hits a new milestone with 11.12 million network addresses, signaling increased adoption and engagement.
The network’s growth reflects its appeal for decentralized applications (dApps), NFTs, and DeFi projects due to high-speed transactions and low fees.
Despite network expansion, Solana’s native token, SOL, struggles with price fluctuations, recording a 35% drop in value over the past 30 days.
The surge in active addresses marks a recovery from past volatility, indicating growing trust and interest in the SOL ecosystem.

Solana, a major blockchain network, has reached a new adoption milestone. On-chain analyst Ali Martinez tweeted on X that the count of Solana network addresses has risen to a record high of 11.12 million, which demonstrates increasing traction and activity in the ecosystem.

The rapid expansion of network addresses highlights Solana’s growing popularity with users and developers. With its extremely high-speed transactions and low fees, the blockchain is progressively solidifying its standing as a top destination for decentralized applications (dApps), NFTs, and DeFi projects. Its scalability and efficiency have attracted a new wave of users, further solidifying its standing in the crypto space.

“The number of Solana network addresses has reached 11.12 million, setting a new historical record,” Ali noted, underscoring the network’s consistent growth since its launch.

This increased activity in addresses marks returning confidence in SOL, especially following previous fluctuations in adoption. The ability of the network to bounce back and grow reflects the strength and long-term potential of the network. With increasing developers and projects gravitating to Solana, its position at the forefront of the future of blockchain innovation only becomes more so.

Solana’s User Surge Signals Strong Recovery Amid Volatility

Solana’s recent form is remarkable, following a period of heightened volatility. Network addresses reached a peak of 18.5 million in November 2024, prior to falling to 8.4 million in February 2025. The network has since bounced back, though, to 11.12 million addresses, reflecting a strong recovery and rekindled user interest.

This user growth is leading to optimism within the SOL community, as a more active user base has a tendency to drive more development activity and ecosystem growth. The increase in users also has the added benefits of improving network security, enhancing decentralization, and creating greater opportunities for developers to construct innovative applications on the platform.

With a bigger and more engaged community, SOL is positioning itself for long-term success, attracting new and existing users to help cement its blockchain ecosystem. The increase in addresses mirrors the potential for future growth and suggests the network is gaining steam again after turbulence.

Solana Expands While SOL Struggles as Adoption Grows

Despite this expansion of the network, Solana’s native crypto, SOL, has experienced short-term price volatility. SOL is currently changing hands at $126.04, with a market capitalization of $63.15 billion, based on coingecko. Its 24-hour trade volume has dipped by -0.52%, however, and the price has lost -2.12%. SOL has experienced a -35.00% drop in value over the period of the last 30 days, reflecting broader market trends.

Industry players, including the research team, are attributing Solana’s growth in network addresses to its scalability improvements. With Solana still optimizing transaction speeds and affordability, it is increasingly cementing its status as a top blockchain for high-performance applications.

As SOL matures and sees additional adoption, the question is whether the growth will result in long-term price stability and broader adoption. With the growing adoption and ongoing strategic enhancements, Solana looks poised to maintain its momentum in the competitive blockchain space.

These advancements can cause it to keep thriving, rendering it an increasingly attractive choice for developers and users alike. The combination of innovation and growing user base could be Solana’s ticket to long-term success.

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