Solana Surpasses 1.3 Billion Transactions in Record-Breaking Week

Solana has reached a new weekly activity peak with an unprecedented 1.3 billion non-voting transactions, according to recent data.

This milestone comes on the heels of four consecutive weeks of elevated network activity, which can be attributed in part to meme token launches and increased app engagement.

The FOMO app has been a driving force behind Solana's growth, with its ability to copy-trade influencers creating new opportunities for short-term gains. Additionally, Pump.fun has seen a surge in revenue, surpassing Hyperliquid in terms of daily fees.

Solana is also preparing for several significant changes at the protocol level, including the implementation of a constitution that will formalize governance rules and give individual users more rights. This move aims to prevent governance attacks by overly-influential actors and ensure community involvement through a five-step proposal process.