Solana active wallet count at 1-year low…network activity slows as meme-coin hype cools
Summary
- The Solana (SOL) network's number of active wallets hit its lowest level in 12 months.
- Network activity on Solana, which surged in the second half of 2024 due to the meme-coin craze, has been in decline since 2025.
- The meme-coin issuance platform pump.fun is still generating over $1 million a day and reportedly maintains a high market share.
The number of active wallets on the Solana (SOL) network hit its lowest level in 12 months.
On the 13th (local time), The Block reported that Solana's number of active wallets decreased to 3.3 million, marking a 12-month low. This is a sharp decline from the peak of about 9 million in January.
Earlier, Solana's active wallet count surged rapidly during the meme-coin craze in the second half of 2024. At that time, Solana led the market with faster speeds and lower transaction costs compared to Ethereum (ETH).
However, in 2025, as the meme-coin hype gradually cooled, overall network activity has continued a modest downward trend. However, the meme-coin issuance platform pump.fun still generates over $1 million a day and maintains about 90% of the total token launchpad market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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