{"id":110513,"date":"2025-11-05T04:00:27","date_gmt":"2025-11-05T04:00:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=110513"},"modified":"2025-11-05T04:00:27","modified_gmt":"2025-11-05T04:00:27","slug":"altcoin-winter-here-ethereum-solana-activity-plunges","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=110513","title":{"rendered":"Altcoin Winter Here? Ethereum, Solana Activity Plunges"},"content":{"rendered":"

On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity.<\/p>\n

Altcoins Are Observing A Drop In On-Chain Activity<\/h2>\n

In a new thread<\/a> on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins<\/a> has been cooling off recently.<\/p>\n

The on-chain indicator of relevance here is the \u201cActive Addresses<\/a>,\u201d which measures, as its name suggests, the total number of addresses that are participating in some kind of transaction activity on a given network every day.<\/p>\n

When the value of this metric rises, it means more users are making transfers on the blockchain. Such a trend implies trading interest in the cryptocurrency may be on the rise.<\/p>\n

On the other hand, the indicator witnessing a decline suggests investors may be shifting their attention elsewhere as they are reducing their transaction activity on the network.<\/p>\n

Now, here is a chart that shows the trend in this indicator for Ethereum, the largest of the altcoins, over the last few years:<\/p>\n

As displayed in the above graph, the Ethereum Active Addresses metric was at a high of 589,000 in late July. Since then, activity on the network has gone downhill, with there now being 488,000 addresses making transactions, around 17% lower than the peak.<\/p>\n

\u201cFewer users interacting on ETH indicates weaker on-chain demand, a pattern seen in past bear-market phases,\u201d explained Sentora. Solana, another prominent altcoin, has been showing a similar trend.<\/p>\n\n

From the chart, it\u2019s clear that the monthly version of the Active Addresses witnessed a notable decline for SOL during Q3 2025. More specifically, active users on the blockchain dropped by about 30% in this period. \u201cSolana has been the out-performer this cycle, but momentum is cooling,\u201d noted the analytics firm.<\/p>\n

Memecoins<\/a> have been hit hard in the recent market downturn, and the same has held true for their on-chain activity. Dogecoin, the largest meme-based token, has only witnessed a slight decrease in Active Addresses, but Pepe has gone through a drawdown of 85%. \u201cThis drop shows how quickly speculative user bases can evaporate,\u201d said Sentora.<\/p>\n

Finally, the analytics firm has also highlighted that DeFi trading volume has started to trend down as well. The metric is still relatively strong compared to other cryptocurrency-related indicators, but a change in direction is apparent.<\/p>\n

With the crash in prices and downturn in on-chain activity, is the altcoin sector entering a season of winter? \u201cIt\u2019s too early to tell but the current data echoes past cycles,\u201d noted Sentora. \u201cWe are already 6+ months into an altcoin slowdown, with winter signs popping up.\u201d<\/p>\n

Ethereum Price<\/h2>\n

Ethereum has plunged alongside the rest of the market during the past day as its price has retraced to $3,300.<\/p>","protected":false},"excerpt":{"rendered":"

On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity. Altcoins Are Observing A Drop In On-Chain Activity In a new thread on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins has been cooling off […]<\/p>\n","protected":false},"author":0,"featured_media":110514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110513"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110513"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110514"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}