Accéder au contenu principal

Solana Network Celebrates Major Milestone

The Solana network is back and busier than ever. According to on-chain data, Solana has witnessed a surge in trading activity active addresses as it continues to attract traders and investors amidst a consolidation in the entire crypto market. 

This surge has pushed Solana to a new milestone in over two years. The network’s daily transaction count reached 51.63 million on November 24th, a jump of over 144% from the previous day’s count of 21.1 million transactions. 

Spike In Daily Transactions On The Solana Network

Solana remains Ethereum’s closest competitor among altcoins, registering impressive gains so far this year. After a relatively quiet first half of the year, Solana started to gain momentum last month in October, resulting in a substantial increase of over 300% in its annual gains as of the time of writing. 

As Solana continues to gain traction in terms of price action, data from on-chain analytics platform Artemis has shown a similar sentiment in daily transactions and daily active addresses. 

The network registered 51.63 million transactions on November 24th, a level which it hasn’t seen since November 2021. Back then, the network registered consecutive days of daily transactions above 55 million during the bull market run which saw SOL reach its current all-time high of $260.

The current surge in transaction count is a reflection of the current activity on the Solana network. In comparison, Artemis and Polygon registered 1.07 million and 16.23 million transactions respectively on November 24th. 

Total crypto market cap is currently at $1.4 trillion. Chart: TradingView.com

The network’s daily active addresses also recently reached January 2023 levels, registering 635,400 and 488,920 addresses on November 23rd and November 24th respectively.

What’s Behind Solana’s Recent Growth Spurt?

Several factors have contributed to Solana’s newfound popularity and the crypto is now stepping out of the shadow left behind by the FTX fiasco. Institutional inflow into the crypto’s products has increased in the past month and is now at a $135 million total inflow this year.

Solana DEX volume spiked to a high this month as investors continued to flock into the network. Data from DefiLlama also shows Solana’s total value locked in its DeFi protocols is at a high of the year at $618.36 million. This represents a growth of 201% from its $205.11 million TVL at the beginning of the year. 

Solana is trading at $58.48 at the time of writing. Although it has lost around 4.7% of its market cap in the past seven days in the midst of a general market consolidation, it’s still up by 80% this month. USDC trading volume on the network also hit $71 billion in November accompanied by a brief price rally above $65.

Featured image from Pixabay




Source link

The post Solana Network Celebrates Major Milestone appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite