Active wallets on the Solana network are up 58% this year, outpacing some other blockchains. On Solana, new users peaked at over 400,000 in May before gradually dropping to 240,000 this week.
Daily active wallets have also climbed this year, with more than 32 million active users in June and more than 37 million active users in May. And new user data on Ethereum shows a decline since the beginning of the year. New daily active addresses on BNB Chain dropped by more than 17.9%. Ethereum performed even worse over the same period, at 51.8%.