Solana Price Breaks Records as Network Activity Surges Past 5 Million Daily Addresses
Solana's price has broken multiple on-chain records as network activity surged to new highs. The SOL crypto token reached $104, marking a significant increase of 7.55% over the past 24 hours.
Network activity was also at an all-time high, with 5 million daily active addresses interacting with the blockchain. This sharp rise in usage was accompanied by a substantial jump in trading volume, which climbed to $5.28 billion.
The growth in tokenized commodity supply on Solana was another notable milestone, reaching $49.8 million. This increase is largely attributed to SLVR's recent launch on the network.
A large trader who had remained inactive for two years returned and purchased 95,928 SOL, worth approximately $9.74 million based on the reported value. This significant purchase adds to the market activity surrounding Solana and its price movement.