Solana Sets New Daily Transaction Record
According to data from crypto data intelligence platform, Artemis, Solana has achieved its highest daily transaction count of the year, reaching 51.63 million. This milestone is a significant deviation from the trend, as the daily transaction count has typically hovered around 20 million since late August. Previous attempts to surpass the 20 million mark were recorded on September 13 with 18.58 million transactions and on October 23 with 19.93 million transactions. Solana’s daily transaction count far outshines competing protocols like Ethereum, Polygon, Aptos, and NEAR.
Solana’s Price Reaction
Solana has been one of the best-performing altcoins in the market, experiencing a 2.93% surge to $59.28 at the time of writing. The massive transaction count has contributed to a 6% boost in SOL’s trading volume, making it the fifth-largest among all cryptocurrencies. Despite a challenging start to the year due to the collapse of FTX Derivatives Exchange, Solana has recovered and regained investor sentiment.
Hot Take: Solana Shatters Transaction Records Amidst Price Surge
Solana continues to impress with its record-breaking daily transaction count and strong price performance. With its highest daily transaction count of 51.63 million, Solana demonstrates its network health and growing popularity among investors. As one of the best-performing altcoins in a market experiencing consolidations, Solana’s price surge and increased trading volume highlight its potential for further growth.
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