With 2023 continuing to be a successful year, Solana is off to a great start in 2024. According to the data, Solana recently hit a seven-day moving average of its highest level of daily new addresses ever yesterday. At the same time, earlier this month, the Layer 1 network had its highest transaction volumes since October 2022.
As a result of the network’s ongoing growth in viewership, January 2014 has already seen a rise in reader subscriptions over December of the previous year.
Several investors have expressed interest in Solana due to the notable spread of meme coins that it produces. WEN, which has over a million users and was one of the meme tokens that started its air drop-out campaign, is the only one that may be discussed.
At least 50% of these tokens are still unclaimed as of right now. Owners of Solana Saga phones, Jupiter exchange customers, and owners of certain Solana-based NFT projects are among the participants in the WEN claim window. They have until tomorrow at 10 a.m. to submit their claims.
Aside from the giveaway, the WEN airdrop is one of Jupiter’s worst scenarios—this chance just allows Solana and decentralized exchange to take off fully. This happens in front of Wednesday’s much-awaited airdrop, during which Jupiter’s governance token, or “JUP,” is set to launch.
Following the November 24 expiration date, JUP will provide a trading volume of $100 for each qualified user; as a result, there will be a minimum of 95,000–4,300 users.
Solana’s rise in the cryptocurrency industry is not confined to a single kind of business centered on their platform and rising among several rivals facing difficult circumstances.
This impressive retention percentage among significant numbers of new users indicates that there is a robust ecosystem that caters to cryptocurrency enthusiasts and investors. As 2023 draws to a close, Solana seems ready to take home more accolades that could change the course of its future by the second quarter of 2024.