Solana’s Network Usage Skyrockets: On-Chain Transfer Volume Reaches New Height

Quick Summary:

Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network.

Generally, SOL’s market performance may benefit from this substantial growth, which could indicate persistent network scalability and health.

Data from Glassnode shows that the notable uptick was majorly driven by a particular wallet address with a lot of activity that utilized multiple accounts.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Raydium DApps Gllassnode SOLUSDT Solusd Solana Nfts SOL Non Fungible Tokens Solana Decentralized apps Pump Fun Gaming Solana Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 21:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23437441

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 4 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 19 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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