Solana (SOL) has experienced an impressive bump in its on-chain transfer volume, reaching a whopping $224 billion in just one day. The recent movements cater roughly three times its market cap, currently at about $76 billion.
This sudden growth in transfer volume also reflects how increasingly valuable and popular Solana’s network is becoming, famed for its blazing transaction throughput and relatively low fees compared to Ethereum’s.
#Solana recently saw a massive spike in on-chain transfer volume, peaking at around $224 billion in a single day – nearly 3x the entire market cap of $SOL ($76B) moving within 24 hours! View the live chart on Glassnode: https://t.co/ue6UyyzjPp pic.twitter.com/GGeqLqJMyZ
— glassnode (@glassnode) November 4, 2024
This transfer volume is very significant. $224 billion in transactional activity for any blockchain hasn’t happened within 24 hours.
Any level of on-chain movement could indicate increased user engagement, Interest from i
We współpracy z: https://www.thecoinrepublic.com/2024/11/06/solana-network-transfers-spike-as-prices-surge/
