Solana’s market-cap is above 28 billion at point of writing, ranging at a price from $80~$90 this past month. If you’ve ever wondered what amount is too much or too less when it comes to holding the Solana token against the number of wallets — this week’s article will provide some historical data points on-chain that may help with providing insights, in terms of daily active users and the comparison between small~large token holdings.
As we approach nearly 60 billion transactions on the network, let’s take a look further at a few statistics:
1) Daily Unique Owners
From the months November to February, there have been at least 60,000> users on the daily who were at least executing (1) transaction on the network. The lowest activity thus far was a figure of 64,734 on the 7th of January, 2022.
2) Accounts holding 1–10 SOL
Based on the data we see above, we can say that there have been at least 500,000> accounts holding 1~10 SOL in their wallets on a daily basis from the months January to February.
3) Biggest Whale Holdings
Data was retrieved on the 21st of March.
Do take note that some of these addresses may belong to exchanges… or even associated rug-pulls! The first address tagged owns 3.2 million SOL (~$288 million USD) alone.
Try it out and search these wallets:
JBpj7yp4Afvb71TmanVwJZXGeX4kqbGFvjCFCRo3EbTM 11.40% FWznbcNXWQuHTawe9RxvQ2LdCENssh12dsznf4RiouN5 10.74% Amf2mf2Ciap5wYAEKDtGoQHfHPWaKbyFYhutMK46hTRF 9.13% 8UviNr47S8eL6J3WfDxMRa3hvLta1VDJwNWqsDgtN3Cv 4.56% 6ZRCB7AAqGre6c72PRz3MHLC73VMYvJ8bi9KHf1HFpNk 4.36% 36c6YqAwyGKQG66XEp2dJc5JqjaBNv7sVghEtJv4c7u6 4.33% CuieVDEDtLo7FypA9SbLM9saXFdb1dsshEkyErMqkRQq 3.99% 9NBvCk78BUVe3yLBwB2H43S7JBSY3zXzZQKSiH1AFgN2 3.39% 6FEVkH17P9y8Q9aCkDdPcMDjvj7SVxrTETaYEm8f51Jy 2.99% HVh6wHNBAsG3pq1Bj5oCzRjoWKVogEDHwUHkRz3ekFgt 2.75% 2ojv9BAiHUrvsm9gxDe7fJSzbNZSJcxZvf8dqmWGHG8S 2.54%
The beauty of the blockchain lies in its transparency and viability, and data availability is a pivotal point of success in the web3 architecture. It helps us to formulate decisions and track engagement for further improvement — all from tiny points on the charts. With that, we’ll like to announce that we will be opening up an Testnet Alpha chat soon for our upcoming product that aims to serve these purposes. Stay tuned for our updates on Twitter!
SolanaFM is the First Queryable Indexer that allows users to access historical data on-chain through dynamic Rest APIs & GraphQL, easily supporting queries beyond 20TB. It provides Indexing-As-A-Service (IaaS), saving protocols time and cost while founders can focus on building their projects. On-chain statistics are also available for public viewing with regard to activity on the Solana Network.
Find out more here: https://solana.fm/statistics.
Join our Discord to find out more about Solana metrics & how SolanaFM is contributing in this space.
Want to find out more about a specific protocol on SolanaFM? Drop us a DM on Twitter.
