The last month has seen a surge in daily transaction volume on Solana.
The chain’s DeFi and NFT sectors saw growth in the last 30 days.
Daily transaction volume on Layer 1 (L1) chain Solana [SOL] has reached its highest level since December 2022, according to The Block’s Data Dashboard.
As of 3rd January, the economic throughput of SOL and the Solana Primary Library (SPL) tokens on the Solana blockchain totaled $42 billion, rising by 641% since 1st December.
According to the data provider, the SPL tokens include USD Coin [USDC], Serum [SRM], Raydium [RAY], Ethereum [ETH], and Tether [USDT].
Source: The Block
Due to the surge in daily transactions on the network in the last month, Solana’s fees and revenue also skyrocketed.
According to data from Token Terminal, fees from transactions recorded on Solana in the last 30 days totaled $10.34 million, rising by 205%. Revenue derived from the same was $5.17 million, also climbing by over 200% during the same period.
Solana’s DeF
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