Solana monthly transaction volume is Skyrocketing.

The Monthly transaction volumes for January on Solana have reached a multi-year high, according to data from The Block.

Sol, the native token of the Solana blockchain, has posted the most significant gains among all major altcoins in the last 24 hours.

The transaction volume of SOL +4.50%

and SPL tokens on the Solana blockchain has surged to $951.9 billion for the month of January, and there are still almost two days remaining in the month. The gains represent a 30% rise in economic throughput on the network from December's volume of $735.8 billion, which was a multi-month high at the time.

$SOL $

The rise in transaction activity on the blockchain is significantly above levels seen in 2023 and for most of 2022. For instance, in September 2023, Solana network transaction volume hit a low of $40 billion.

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