After a brief pullback, the Solana (SOL) price is once again gathering steam looking to break past its crucial resistance of $140. At press time, SOL is trading 7% up at $138 with a market cap of $61.4 billion despite the Solana network facing congestion issues amid high trading activity.
Solana Network Congestion Issues
Recent data from DeFiLlama indicates a remarkable surge in Decentralized Exchange (DEX) trading volume on the Solana network from March 3 to March 6. For four consecutive days, trading volume has surpassed $2 billion, with a record-breaking $2.85 billion in trading volume recorded on March 5 alone, marking a new single-day high.
This surge in trading activity coincides with increased on-chain transactions, potentially contributing to the current congestion experienced on the Solana network. The heightened activity also underscores growing interest and engagement within the Solana ecosystem.
As a result of this, crypto exchange Binance also announced its decision to sus
We współpracy z: https://coingape.com/solana-sol-price-bounces-back-to-140-despite-network-congestion-issues/
