Solana achieves record daily profit

Crypto market experts note: Solana SOL $261.40 Solana 2.57% Market capitalization $124.08 billion VOL. 24 hours $1.12 billion has set a new revenue record, reaching $ 8.7 million on Wednesday, October 23. The revenue growth is attributed to the increased activity on the blockchain, particularly in the areas of decentralized finance (DeFi) and non-fungible tokens (NFT). According to Blockworks Research, the number of transactions on the Solana blockchain has increased significantly, which has affected the overall economic potential of the network.

The revenue growth was driven by basic fees and priority payments, which indicates the active use of the network. Solana has also outperformed Ethereum in some respects, including total fee revenue. This success can be attributed to fast transactions and low costs, which makes the blockchain attractive to developers and users.

In addition, Solana continues to attract new partners in the gaming industry. Studio369 has announced that it is porting its MetalCore game to the Anatoliy Yakovenko platform, allowing players to benefit from fast and cheap transactions. This solution is aimed at improving the user experience thanks to Solana’s high throughput, which processes about 3,000 transactions per second.

Despite its achievements, Solana still faces challenges regarding the reliability of its infrastructure. In recent years, the network has experienced outages, the most recent of which occurred in February 2024 and lasted about five hours. The Solana Foundation is working to improve the network’s stability, including through the Firedancer upgrade, which is scheduled to be fully implemented by 2025.