Today, the multipurpose blockchain Solana has reached a new milestone and its founder, Raj Gokal, celebrated it in a curious way. It is important to note that this network is one of Ethereum's main rivals in the world of decentralized finance. In addition, its token is among the largest in market capitalization worldwide.
According to data from Artemis, the network reached a new all-time high of 72.8 million daily transactions over the Christmas period. This is a figure that dwarfs other networks such as Ethereum and its less than 5 million daily transactions.
This is also a huge growth compared to previous months. For example, at the beginning of December this level was approximately close to 50 million daily transactions. As you can see, such an increase made the enthusiasts of this network jump with excitement. At the same time, it becomes a way to silence critics.
This is precisely the direction in which the aforementioned founder of Solana published his post on X, celebrating this ATH with: “ Merry Christmas, filthy animals .” This is an iconic phrase from the filming of Home Alone and was clearly directed at those who profess that “Solana is dead.”
A relative victory for Solana's founder
For Gokal, the fact that the Solana network reached an ATH in daily transactions does not mean a complete victory. During the same day, there was no significant growth in the number of new addresses. This means that there was no record influx of new users, but rather existing users increased their trading pace.
Regardless, the ATH proves that the network is far from the dead status its detractors talk about. Although the blockchain is experiencing a downturn in recent weeks, its rise in 2024 is a truly significant development. Ultimately, this is the source of the growth in demand for the network's native token, SOL.
Despite the sharp drop in recent days, this currency remains the sixth largest in the world in terms of market capitalization. In year-on-year terms, it is up 77%, taking into account the sharp drop it has experienced since reaching its new ATH at the end of November.
At the time of writing, Solana’s native coin is approaching $200 per unit. Its 24-hour performance shows green numbers of +2.37%, which revives optimism to a certain extent about a possible recovery.
Although there is a mixed perception about the token and its network, one thing is clear and that is that it remains one of the great powers of the crypto world. The latter is linked to its enormous capacity, scalability and efficiency, which makes it a favorite for developers and users.