Solana and Ethereum see surge in active users as network upgrades pay off

[mendez]

Activity across major altcoin networks surged in January, with Solana and Ethereum both posting strong growth in daily active addresses.

Solana recorded a 115% monthly increase in active addresses, regularly topping 5 million daily users in the second half of the month, according to Nansen data. The spike was driven largely by a memecoin launch frenzy tied to new AI-powered tooling and increased activity on token launchpad Bags, which also saw daily fees jump to $4.5 million on Jan. 16.

Ethereum also saw renewed momentum. After overtaking major layer-2 networks in December, Ethereum posted a 25% rise in daily active addresses in January following upgrades that expanded blob capacity and pushed average transaction fees below $0.01. Developers say the changes are part of broader efforts to future-proof the network.

[bonk]

solana hitting 5 million daily active addresses lol memecoins and ai tools really do move people