Active addresses on the Solana chain reached 54.33 million in July, a record high

The data shows that the number of active addresses on the Solana chain hit a record high in July, reaching 54.33 million, a significant increase of 151% from the 21.60 million in early 2024. In addition, the number of non-voting transactions on the network also reached a 1.30 billion peak in July, and the upcoming Firedancer upgrade is expected to push the network performance to new heights. This alternative client side deployment was developed by Jump Crypto and is designed to significantly enhance Solana's transaction processing capabilities and overall network resilience. Firedancer could enable Solana to process millions of transactions per second, well beyond its current capacity. This upgrade will further solidify Solana's position as a high-performance blockchain.