Activity on Solana continues to reach new records, never seen since 2022. We are talking about approximately 40 billion dollars in volume in daily transactions, which also collaterally testifies to the extreme increase in the productivity of the network's tokens.
At the beginning of December alone, the same figure was 5 billion dollars.
Similarly, active wallets are also growing, from 120 thousand in October 2023 to around 470 thousand in January 2024.
Added to all this, are the volumes of various tokens in the ecosystem, mainly memecoins, dragged by a surprising rally in SOL since the beginning of 2023 and which has pushed investors towards even riskier assets.
In this sense, just think of BONK, whose value grew by around 7,000% in just one year.
The community and FOMO did everything else, with new reports of big profits and new users ready to take risks (often without even contemplating them).
According to what was published by Lookonchain, a trader made an impressive $2 million in 22 days with just 1.5 SOL, with a gain of 21,715x.
Although it is repetitive, this is an isolated and extreme case, caution and careful research is always needed. If the main cryptocurrencies are volatile, memecoins are extremely more volatile and the very few successes should never overshadow the thousands of coins never launched.
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