Popular altcoin Solana (Left) celebrated its 5th year. The decrease in the user activity in the network where this important development is used is remarkable. Especially the decrease in the popularity of Pump.fun, the Memecoin platform, was effective in decreasing the number of active wallet addresses in the network. On the other hand, Jump Crypto’s high -performance Solana client FireDancer is expected to be released this year.
Solana’s 5th anniversary in the crypto money market
Solana celebrated its 5th anniversary on Sunday. One of the founding partners of the Solana Foundation Anatoly Yakovenkosocial media platform X’s account on his account on his account “Mutlu Solana 0 block day,” he said. One of the important projects on the network Phantom Wallet And Pump.fun Platforms such as celebrating this turning point.
With this turning point, the decline of user activity in the network in recent months is also noteworthy. According to internal data, the number of active wallet addresses on the Solana network has fallen every month since the summit of November 2024. According to data that has not yet been completed, March may have the number of active wallet addresses even less than February.
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One of the biggest reasons for the decline in the active wallet addresses on the network is pump.fun memecoin The popularity of the extraction platform was a decrease. Launched in May last year, Pump.fun was the fastest growing crypto currency attempt in history by generating 100 million dollars in only 217 days. However, due to scandals on the platform, interest decreased. Lıbra Memecoin scandal, which even included the Argentine President, led to political turmoil in the country. However, at the end of the week, only 0.66 percent of the coins on Pump.fun on Saturday was able to switch to the Raydium stock market. This has been recorded as the lowest ratio since the launch of the platform.
Future of Firedancer and Solana
The next big move for solana Jump Crypto The Firedancer client developed by the market will be released. Firedancer aims to increase the process rate of the Solana network and strengthen the network’s resistance to interruptions. In September, the client was tested in September 2023 with a prototype called Frankendancer.
In the first place, Firedancer, which is planned to be released in the second quarter of 2024, will probably be available as a full version this year. Helius’s founding partner, an important name in the Solana community Mert MemtazHe said Firedancer expected to come out at the end of the second quarter of this year. The upgrade is very important as Solana will help to reach 1 million transaction capacity per second.
On the other hand, the possibility of the inclusion of Solana in the stock market investment funds (ETF) is on the agenda. So far, many assets have applied to SEC for Solana -based ETF. Experts, Solana’s Litecoin 
$90.89Dogecoin 
$0.171521 And he says he is one of the most powerful candidates who can get ETF approval with XRP.
What is solana?
Solana is a blockchain network that offers high speed and low trading costs. Developed by Anatoly Yakovenko in 2019, Solana stands out when using the innovative consensus mechanism called Proof of History (PO). Ethereum 
$1,906.80Solana, which aims to be faster and faster than a, has become a popular network for Defi, NFT and Memecoin projects.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
