Solana transacting user activity is also starting to shift to more diverse use cases -- stablecoins, token transfers (e.g P2P money movement), in addition to core DeFi like swapping on DEXs outside of just Pump.
Solana continues to grow its diversity of use cases!
Solana daily active addresses are now down 60% from ATH at the end of 2024, according to @artemis
Left: daily active addresses on Solana (7.5M => 3M)
Right: daily active addresses on Pump (420K => 120K)
Memecoin mania has now perhaps cooled into steady state. It's not going away, but it's also not all-encompassing anymore.
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