Solana hits record signups; WEN token airdrop draws closer!

Starting 2024 on a high note, Solana is continuing its success in 2023. Solana just reached its greatest-ever level of daily new addresses as a seven-day moving average yesterday, according to the data, and earlier this month, the Layer 1 network experienced its largest transaction volumes since October 2022. 

Since this network continues to grow its audience, January 2014 has already reached more readers’ subscriptions than December last year and continues to increase.

The significant proliferation of meme coins generated by Solana has attracted the attention of numerous investors. One can only discuss WEN, which has over a million users and was one of the meme tokens that initiated its air drop-out campaign. 

A minimum of fifty percent of these tokens remain unclaimed at this time. Participants in the WEN claim window, which includes Jupiter exchange users, Solana Saga phone owners, and owners of certain Solana-based NFT projects, have until tomorrow at 10 a.m. to submit their claims. 

Aside from the giveaway, the WEN airdrop is one of Jupiter’s worst cases—this opportunity just so Solana and decentralized exchange can take hold at full scale. This occurs ahead of the highly anticipated airdrop scheduled for Wednesday, in which Jupiter’s governance token ‘JUP’ is about to lift off. 

JUP will offer a trading volume of $100 per eligible user immediately after the expiration date of November 24; therefore, there will be at least up to ninety-five thousand four hundred users.

The ascent of Solana on the cryptocurrency market is not limited to one method of operation centered on their platform and ascending among numerous competitors contending with challenging conditions. 

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This magnificent retention rate among substantial numbers of new users demonstrates the existence of a thriving ecosystem that accommodates crypto fans and investors. As 2023 nears its conclusion, Solana appears poised to receive additional honors that could alter its trajectory by the second quarter of 2024.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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