Transaction volume on the Solana network crossed $951 billion in January, a “multi-year high.”
Compared to December 2023, this figure increased by 30%, then it amounted to $738.8 billion.
“The growth in blockchain activity is significantly higher than the levels seen in 2023 and through much of 2022. For example, in September 2023, the volume of transactions on the Solana network reached a minimum of $40 billion,” the report says.
We also note the increase in the value of the Solana coin. Over the past week, the asset price has increased by about 18%. At the time of writing, the cryptocurrency is trading near $101:
Let us recall that we previously reported that the number of active addresses in the Solana network reached its maximum since January 2023.
