Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»Solana Transactions Explode – Is It Time for a Network Revival?
ALTCOIN NEWS

Solana Transactions Explode – Is It Time for a Network Revival?

By Crypto FlexsJune 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana Transactions Explode – Is It Time for a Network Revival?
Share
Facebook Twitter LinkedIn Pinterest Email
  • There has been a significant surge in the number of transactions taking place on the Solana network.
  • Sentiment surrounding the Solana network has waned.

Solana (SOL) has been seeing a surge in network activity since the beginning of the year. This has significantly increased the overall transactions taking place on the network.

Activity on the Solana Network

Solana is experiencing a resurgence in activity after a period of stagnation. Trading volume exploded, with the seven-day average of 38.37 million non-voting transactions, the highest in two years.

Daily transaction volume has been steadily approaching 40 million since early June, indicating a significant increase in network usage. This surge in activity is accompanied by an increase in the user base.

Source: X

On June 12, Solana recorded its third-highest day in terms of active accounts, with over 1.23 million unique wallets interacting with the network.

Additionally, Solana’s DeFi sector has also been observed to be thriving. The number of weekly traders on the Solana-based DEX hit an all-time high of 3 million in early June, according to data from Dune Analytics.

Source: Dune

According to data provided by DefiLlama, the total value locked (TVL) of Solana DeFi projects has remained above $4 billion, despite a slight decline compared to its May peak.

This demonstrates investors’ continued confidence in the Solana DeFi sector.

Solana’s largest DEX, Raydium, continues to dominate, holding approximately two-thirds of the TVL and trading volume of all Solana DEXs.

Source: DeFi Llama

Social activities were denied.

Despite the increasing availability of the Solana network, there are some challenges facing the network on the social side.

AMBCrypto’s analysis of Santiment’s data shows that social volume around Solana has decreased substantially over the past few days.

At the same time, Weighted Sentiment also decreased, meaning that the number of negative comments about Solana increased compared to positive comments.


Is your portfolio green? Check out our SOL Profit Calculator


Declining interest in Solana on social platforms could hinder the potential growth of the Solana network in the long term. At press time, SOL was trading at the following prices: $137.54 The price has fallen 8.70% over the past week.

Trading volume also decreased by 28% during this period.

Source: Santiment

Next: Cardano: Exploring the impact of increasing short positions on ADA

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethena increases by 20% after Arthur Hayes spreads 2m ENA tokens.

July 27, 2025

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethena increases by 20% after Arthur Hayes spreads 2m ENA tokens.

July 27, 2025

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025
Most Popular

The Real Story of the SEC’s Lawsuit Against Kraken and Why Kraken Wants to Dismiss the Lawsuit

February 23, 2024

Hedera (HBAR) surges 100% on news of BlackRock’s tokenized fund. The reason may surprise you

April 25, 2024

NVIDIA: EvolutionaryScale unveils ESM3-generated AI model for protein design

June 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.