# Solana Token holders Methodology

## 1. Overview

The number of unique accounts that hold a non-zero balance of the native SOL asset is measured by Token holders. This metric is utilized by investors to track the growth, distribution, and retention of the Solana holder base over time. To ensure the metric accurately reflects active participants, accounts holding minimal SOL amounts solely for rent-exempt data storage requirements are excluded from the total count. Native SOL holdings are monitored across the network to provide insights into the overall expansion of the ecosystem.

## 2. Data sources

- **Blockchain events**: Native balance changes for accounts on Solana
- **External data**: Asset metadata for the native SOL asset

## 3. Step-by-step calculation

### Component A: Account balance state tracking

- **Purpose**: Capture and maintain the current SOL balance for every account on the Solana network
- **Logic**: Native SOL balance updates are extracted from account activity records. For every transaction, the `post_balance` field is utilized to determine the updated state of each account. Running balances are calculated to establish a continuous record of holdings for all active accounts.
- **Key fields**: `timestamp`, `account_address`, `balance`

### Component B: Rent-exempt threshold filtering

- **Purpose**: Exclude accounts that are primarily used for on-chain data storage rather than asset holding
- **Logic**: A filter is applied to remove all accounts with a balance at or below 2,200,000 lamports (0.0022 SOL). This specific threshold is enforced to ensure that accounts created strictly to satisfy Solana's rent-exemption requirements for program data are not erroneously counted as token holders.
- **Key fields**: `balance` (lamports)

### Component C: Forward-filling and unique count aggregation

- **Purpose**: Generate a consistent daily count of unique holders across the network
- **Logic**: For accounts that exceed the 2,200,000 lamport threshold, balances are forward-filled for every day between recorded balance changes. This ensures accounts are counted on days when no transactions occur, provided their balance remains above the required level. The final metric is calculated by aggregating the count of unique accounts on a daily basis using UTC boundaries, where all amounts are normalized by decimal precision.
- **Key fields**: `timestamp`, `account_address`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the project's native token.

Token holders

Solana

Validators process transactions and receive fees from users (supply-side fees).

Solana is a smart contract platform for decentralized applications (a blockchain). Solana was founded by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, etc. and launched in 2020.

SOL holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Solana’s investors include Polychain Capital, ParaFi capital, Passport capital, etc.

SolanaSOL

Token holders

Token holders

Competitive landscape