As a seasoned analyst with over two decades of experience in the tech and crypto industries, I have seen my fair share of blockchain projects come and go. Yet, Solana (SOL) continues to impress me with its relentless growth and resilience in the face of adversity.
It’s worth noting that Solana (SOL), currently one of the three most prominent blockchains and undoubtedly the second most preferred altcoin, has recently established a new record for daily transactions.
Based on Artemis data, Solana hit a record in this significant statistic at 72.8 million. This represents an astounding 97.8% rise when compared to its figures from late October. It’s worth noting that while the blockchain reached a new high in daily transactions, there was no corresponding surge in the number of daily active addresses.
It’s more likely that the rise wasn’t caused by an influx of Solana users, but rather by the heightened transaction activity among the most active ones.
Raj Gokal breaks silence, literally
Equally captivating was the response of one of Solana’s co-founders, Raj Gokal, who acknowledged this milestone via a special post on social media platform X. Remarking that this record-breaking daily transaction figure was achieved on Christmas, Gokal referenced a well-known quote from the movie “Home Alone.
MERRY CHRISTMAS YOU FILTHY ANIMALS
— raj 🖤 (@rajgokal) December 25, 2024
Well, he seems excited to say the least.
Regarding the recurrence of “Solana is defunct” statements within the cryptocurrency sector, it appears that their recent success serves as a refutation to such claims. Indeed, Solana from Silicon Valley’s blockchain does not appear so lifeless, setting new records across various significant performance indicators.
How does it affect Solana’s (SOL) price?
It remains to be seen if this accomplishment will lead to increases in the price of SOL tokens. However, if the value of cryptocurrencies was determined exclusively by the performance of their underlying blockchains, we might see a very different market dynamic.
If other market players follow Gokal’s enthusiasm, it’s likely that the price of SOL token will reflect this kind of performance.
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2024-12-25 13:35