Solana Surges Past $104 as Network Activity Hits All-Time High
Solana's price surged past $104 as network activity reached new heights. The blockchain reported an all-time high of 5 million daily active addresses, marking a significant milestone in its growth.
The rise in daily active addresses coincided with a sharp increase in trading volume, which climbed to $5.28 billion in 24 hours, representing a 46.73% increase. This boost in activity came as the SOL crypto price gained 7.55%, pushing it above the $104 level.
The growth in tokenized commodity supply also contributed to Solana's increased activity. The total supply of tokenized commodities on the network reached $49.8 million, with most of the new supply coming from SLVR, a recently launched asset.
A large trader also entered the market, buying 95,928 SOL worth approximately $9.74 million. This purchase added to the market activity surrounding Solana as its price moved above $104 and trading volume increased sharply.