Active Wallet Growth
Solana is a blockchain platform that is open to the general public. SOL is the native cryptocurrency. Solana uses a proof-of-stake technique to create consensus, as well as a "proof-of-history" mechanism that, according to Solana's prospectus, enhances scalability without losing decentralization and security. Between October and November 2021, the number of addresses actively sending or receiving Solana coins on the blockchain increased by almost 25,000. The chart shows that network traffic was at its highest reported level since the start of 2021 in November, with well over two million addresses. This is due to the rising popularity of both NFTs and Decentralized Finance (DeFi), as well as the rising transaction costs on Ethereum, the most popular blockchain for both. People have been looking for both cheaper and speedier solutions to Ethereum's rising gas price, and Solana is one of them. The Query was to see the number of active wallets in the last 7 days and also to see the active wallets per each day for the last 30 days.The data for analysis is taken from app.flipside and SQL programming is used to retrieve the necessary data.