Solana (SOL) is in the spotlight at the moment after crucial on-chain data showed that the protocol has recorded another All-Time High (ATH) in its Monthly Active Addresses (MAUs). While this milestone is not unexpected, the major question is whether it might have a bearing on the future price trajectory of the coin.
Solana is Primed for a Bullish Breakout
Solana has managed to maintain its position as the fifth-largest digital currency by market capitalization. Beyond its valuation, its popularity in the blockchain ecosystem is being fueled by the ongoing memecoin revolution.
Per data shared by SolanaFloor citing Artemis dashboard, Solana’s MAUs has topped 30 million.
BREAKING: Monthly active addresses on @Solana surpass 30 million, a new all-time high. pic.twitter.com/F9ujQE2OiC
— SolanaFloor (@SolanaFloor) June 21, 2024
This milestone underscores the popularity of the protocol, one that might boost the volume of its respective applications. This metric might come as a compleme
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