Add as a preferred source on GoogleSolana Handles More Than Half of Crypto Transactions for Five Months
The network has processed about twice as many transactions as other major chains combined while SOL moves through a pullback.
Solana has accounted for more than half of daily crypto transactions for five consecutive months, maintaining a lead over other major blockchain networks as SOL moves through a pullback.
During the period, Solana handled about double the combined transaction count of the other major blockchain networks. Solana (SOL) recently reached $126 before forming a series of lower highs.
Attention is also turning toward Solana’s $100 support level. More than 40 million SOL changed hands around that price, and the $100-$118 range could determine whether the pullback becomes a reset or develops into a deeper correction.
Shiba Inu (SHIB) recently went live on Solana. The expansion was associated with a 199% increase in SHIB trading volume.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.