<ul><li>Solana's active addresses surpassed 123 million in October, a 42% increase.</li><li>The surge in activity is fueled by the growing popularity of memecoins, with platforms like Pump.fun and Raydium driving trading spikes.</li><li>Solana's speed and low fees attract users, enhancing its position amid growing blockchain competition.</li><li>Analysts note the overall growth of the Solana ecosystem and express caution about the long-term sustainability of the memecoin-driven trend.</li></ul>

Solana Surpasses 123 Million Active Addresses, Driven by Memecoins

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