The popular altcoin Solana 
$128 (SOL ($151.38)) marked its 5th anniversary recently. However, a notable decline in user activity on the network has raised concerns. The decrease in active wallet addresses is particularly attributed to the waning popularity of the memecoin platform Pump.fun. Additionally, the high-performance Solana client, Firedancer, developed by Jump Crypto, is expected to launch this year.
Solana’s 5th Anniversary in the Crypto Market
Solana celebrated its 5th anniversary on Sunday. Anatoly Yakovenko, one of the co-founders of the Solana Foundation, expressed his enthusiasm on social media with the phrase, “Happy Solana 0 block day.” Significant projects on the network, including Phantom Wallet and Pump.fun, also commemorated this milestone.
However, this milestone comes with a noteworthy decline in user activity over the past mo...
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