Solana (SOL) continues to solidify its position as one of the leading blockchains, achieving a significant milestone with unprecedented network activity on December 17.
According to data from Artemis, this network processed 66.9 million transactions in a day, an impressive achievement reflecting the growing popularity and efficiency of Solana.
Daily trading of Solana | Source: Artemis
This strong increase has helped Solana surpass its competitors, with trading volumes exceeding the total trading volumes of all major blockchains combined. At the same time, the network also leads in user interaction levels, accounting for more than half of the daily active addresses on leading blockchain platforms during the same period.
Daily active addresses of Solana | Source: Artemis
Furthermore, decentralized trading on Solana has also witnessed significant growth, with daily trading volumes on decentralized exchanges reaching approximately $5 billion. This demonstrates the network's scalability and superior efficiency.
Solana DEX trading volume | Source: Artemis
Market experts believe that the launch event of the PENGU token from the Pudgy Penguins NFT project on Solana has significantly contributed to this impressive performance. This event not only spurred user interest but also confirmed the blockchain's ability to handle high levels of activity, further cementing Solana's reputation as a superior choice for Web3 applications.
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