Solana blockchain reaches record 1.1 billion transactions

According to a CryptoRank study, in August 2024, the Solana blockchain SOL $196.79 Solana 4.61% Market capitalization $92.8 billion VOL. 24 hours $0.86 billion reached a significant milestone — 1.1 billion transactions were recorded in a month. This makes Anatoliy Yakovenko’s network the leader among blockchains in terms of the number of transactions. For comparison, the Aptos blockchain was in second place with 578 million transactions.

Other blockchains, such as TRON, Near Protocol, and Sei, also demonstrated high activity. TRON registered 225 million transactions, Near Protocol 198 million, and Sei 127 million. The Base, BNB, and Sui blockchains also showed moderate transaction volumes, ranging from 121 million to 103 million transactions.

Crypto experts are surprised that Ethereum ETH $2,909.08 Bridged Ether (StarkGate) 7.60% Market capitalization $0.24 billion VOL. 24 hours $2.1 billion , despite its popularity, took a lower position with 33.9 million transactions. This may indicate a decline in interest in this smart contract platform.

Solana, on the other hand, continues to lead thanks to its speed and efficiency, and these figures emphasize its dominance in the cryptocurrency world.

According to the analytical tracker CoinMarketCap, at the time of writing, SOL is trading at $ 131 with a market capitalization of $ 61.3 billion. Traders made daily trading deals worth $ 2.1 billion.