Bots Inflate Solana's Activity: A Closer Look
Solana's active addresses hit 100M, but bots may skew growth metrics, with 86M holding no SOL. Authentic user engagement remains a challenge.
Highlights:
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86M Solana addresses hold no SOL, raising concerns.
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Majority of transactions driven by bots, not real users.
Solana's network is experiencing a surge in activity, with monthly active addresses surpassing 100 million. However, a significant portion of this growth is attributed to bots rather than genuine user engagement. According to recent data, approximately 86 million of these addresses hold no SOL, while 15.5 million hold less than 1 SOL, and only 1.5 million hold between 1 and 10 SOL.
Experts believe that the overwhelming presence of bots is inflating Solana's
metrics, raising concerns about the authenticity of its trading volumes. A report indicates that around 75% of non-vote transactions on the network have failed, largely due to bot-driven activities that congest the system. Bots are reportedly responsible for up to 55% of swap transactions, creating a chaotic environment where legitimate users struggle to execute trades.
The rise of meme coins has further exacerbated this issue, attracting speculative trading and increasing bot activity. Researchers warn that much of Solana's trading volume may not reflect real demand but rather orchestrated movements by automated traders seeking profit through arbitrage.
While Solana's impressive metrics may draw attention, the reality behind its growth suggests a more complex picture. The network's ability to sustain long-term growth will depend on addressing these bot-related challenges and fostering genuine user participation in its ecosystem.
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