Solana Smashes Records Despite Stagnant Token Price

Solana's blockchain network has achieved a new record by processing over 10 billion weekly transactions, marking strong growth in its ecosystem. This milestone comes despite the SOL token price remaining stagnant below $75, indicating limited near-term price recovery.

Upcoming upgrades to the Agave 4.2 protocol aim to reduce costs and improve speed, which could potentially boost developer and user engagement. Additionally, a governance proposal has been put forward to accelerate token disinflation, but retail participation appears to be cooling due to broader market headwinds.