The number of active addresses on Solana has dropped to the lowest level in 12 months

According to The Block, the number of active addresses on Solana has dropped to 3.3 million, marking a new low in 12 months, a significant decline compared to the peak of over 9 million active addresses in January of this year.

By the end of 2024, as Solana establishes itself as the dominant chain for the issuance and trading of meme coins, its number of active addresses surged significantly. Throughout 2025, as the enthusiasm for meme coins gradually wanes from peak levels, the number of active addresses also shows a gradual decline.