Breaking News
Solana price held steady this week as the number of active addresses, transactions, fees, and decentralized exchange volume rose.
Solana sol-1.04%Solana rose to $135 on Friday, up over 40% from its lowest level this month, pushing its valuation to nearly $70 billion.
The volume of assets traded by Solana’s DEX protocols has continued rising this week. According to DeFi Llama, the 24-hour volume jumped to $2.27 billion, much higher than Ethereum’s eth-1.18%Ethereum $1.52 billion. Its weekly volume was $16.14 billion, also higher than Ethereum’s $12.36 billion and BSC’s $6.5 billion.
Nansen data shows that the number of active addresses jumped by 17% in the last seven days to 29 million. In contrast, Tron had 5.9 million addresses, Ethereum had 1.86 million, and BSC had 4.9 million. Additional data shows that the number of transactions processed by Solana increased to 374 million. These transactions are higher than those on the other blockchains combined. Solana’s network generated over $7.67 million in fees, up 42% from a week earlier.
Solana has also gained after Janover, an American real estate technology company, continued acquiring the tokens. It purchased SOL worth $10 million, bringing its total holdings to $21 million.
