Solana Network Sets New Record with Unmatched Activity
Solana (SOL) has established itself as a leading blockchain, achieving a new milestone with unparalleled network activity in the past day. According to Artemis data, the network processed an impressive 66.9 million transactions on Dec. 17, highlighting its increasing popularity and efficiency.
Solana Surpasses Peers in Transaction Volume and User Engagement
Solana’s surge placed it significantly ahead of its competitors, with transaction volume surpassing that of all major blockchains combined. Additionally, the network led in user engagement, representing over half of the daily active addresses on leading blockchain platforms during the same period.
Decentralized Trading Soars on Solana
Furthermore, decentralized trading on Solana experienced significant growth, with Artemis reporting approximately $5 billion in daily trading volume on decentralized exchanges. This highlights the network’s scalability and efficiency.
Pudgy Penguins NFT Project Boosts Solana’s Performance
Market experts attribute the launch of the Pudgy Penguins NFT project’s native token, PENGU, on Solana to the network’s exceptional performance. This event not only increased user interest but also demonstrated the blockchain’s capacity to manage high levels of activity, solidifying its position as a preferred choice for Web3 applications.
