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ETH 
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SOL Solana's user growth is significant, surpassing Ethereum and Chainlink
The latest data shows that Solana has achieved significant improvement in user growth, and its surge in the number of new wallet addresses has surpassed major networks such as Ethereum and Chainlink. This trend marks a strong rise in Solana's network adoption.
Solana's network adoption rate accelerates
Blockchain data analysis company Sanitation reported that Solana's network adoption rate has accelerated significantly in recent weeks. Data shows that the number of new addresses in Solana has surged 33% since September 1, reflecting the strong interest shown by new users in the ecosystem.
The expansion of the user base was accompanied by a 20% increase in the SOL token price over the same period. The platform has attracted more and more cryptocurrency users thanks to its fast transaction speed and the growing practicality of DeFi (decentralized finance).
It is worth noting that although Solana's price has increased, the speed at which wallets are created has exceeded the increase in its native tokens, indicating that the driving force for its adoption is not just based on price trends, but is supported by a broader user base.
Since September, the momentum of Solana's network has been mainly due to the influx of new users, and its address growth rate has far exceeded the performance of rival on-chain networks.
Activity between Ethereum and Chain Link stabilizes
As a leader in the blockchain space, Ethereum's price rose by about 11% during the same period. However, the number of new addresses on the Ethereum network has remained relatively stable, indicating that network participation is more stable compared to Solana's sharp rise.
Chain link, which provides smart contract decentralized oracle solutions, also shows a similar trend of network participation. Although the price of LINK rose by 24% from $11.22 on September 1 to $13.96 on October 6, the number of new addresses increased by less than 2% during the same period.
The divergence between price performance and wallet growth is particularly evident in Ethereum and Chain Link: Neither network has seen a significant increase in new user activity.
Data comparison and analysis
Terminology: Sanitation is a blockchain analytics company that provides on-chain data and social indicators for cryptocurrency and blockchain platforms.
Although both Ethereum and Chain Link have experienced considerable price increases, these two blockchains have not recorded significant increases in wallet activity compared to Solana's expansion. The specific data comparison is as follows:
- Solana: Price Change +20%, New Address Growth +33%
- Ethereum: Price Change +11%, New Address Growth Flat
- Chain Link: Price Change +24%, New Address Growth< +2%
Solana's current momentum in attracting new users highlights a growing adoption trend that sets it apart from other major blockchain networks in the market.
