Monthly transaction volume in the Solana network reached $ 1 trillion

According to The Block Data Dashboard, the volume of transactions on the Solana network exceeded $ 951 billion in January. For comparison, in December, the transaction volume amounted to $ 738.8 billion.

The increase in the activity of Anatoly Yakovenko’s blockchain exceeded the figures for any month in 2023. Over the past week, the value of the SOL $137.74 Solana 0.19% Market capitalization $63.85 billion VOL. 24 hours $0.78 billion coin has increased by about 18%. The number of active addresses on the network has reached its highest level since January last year.

A few weeks ago, Solana provided a report according to which the number of developers in the ecosystem ranged from 2500 to 3000 monthly throughout the past year. The company’s representatives emphasized that the list of developers includes only those who work in public, not private, repositories.

Earlier, experts of the Artemis platform reported that since the beginning of the year, the volume of stablecoin transfers on the Solana blockchain amounted to $ 303 billion, breaking the previous record of December = $ 297 billion.

According to Whale Alert, Solana whales have recently carried out a series of large transactions, transferring a staggering $ 82 million to unknown wallets. The first significant transfer of 150,000 SOL, equivalent to $ 15,054,830, was recorded from the Bybit exchange to an unknown wallet. Shortly thereafter, another significant transaction of 659,283 SOL, equivalent to $ 67,093,244, was recorded between unknown wallets.