The Solana (CRYPTO: $SOL) network now handles 44% of all blockchain transactions worldwide.
Market data shows that the Solana network processed 825.7 million blockchain transactions out of 1.87 billion during a random measured period.
That placed the network at 44% of all blockchain activity, a level that supports its reputation as one of the busiest chains in the cryptocurrency sector.
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Solana is a high-performance, open source blockchain designed for scalability, featuring fast transactions and low fees.
The latest data shows that the Solana network’s role in facilitating blockchain transactions and cryptocurrency buying and selling is growing.
On social media, Solana Labs cofounder Anatoly Yakovenko reacted to the figure by calling it a “major development” for the network.
Yakovenko attributed the growing use of the Solana network to its speed and low transaction costs, which have attracted both users and developers.
Solana’s price is currently trading at $85 U.S., down 7% in the last 24 hours, and down 37% over the past 12 months.