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Crypto

Solana Surges Past 1B Weekly Transactions Amid Meme Token Frenzy

Guavy AI Editorial Team
Instruments
SOL
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Solana has reached a new weekly activity peak, with 1.3 billion non-voting transactions in the past week.

This surge in activity is linked to meme token launches and increased adoption of the Solana network.

The number of daily active users on Solana has grown to 2.6 million, resulting in a higher burn rate for the SOL token.

The Solana burn rate has increased to its highest level since early 2025, with a multi-year high of 1.53% as of August 23.

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