Solana has seen a dramatic increase in DEX transaction volumes since early March.
SOL is still a long way from its all-time high, which it hit in November 2021 at $260.
The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity, says Tristan Frizza, founder of Zeta Markets.
Frizza stated:
“It suggests that we’re not only witnessing speculative interest but also that we are poised to see new all-time highs due to this authentic engagement. With Solana already recording more daily transactions than Ethereum, Arbitrum, Optimism, BNB Chain, Tron, and Avalanche combined, its ascent to a top three blockchain by market cap seems inevitable.”
Investors Optimistic
According to Frizza, Solana has seen a dramatic increase in DEX transaction volu
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