Solana Transaction Volume Soars 700%, Nears $200: What's Fueling the Surge?
Solana is experiencing explosive growth! Transaction volumes on the Solana blockchain have surged, showcasing the increased popularity of SOL. According to data from various analytics platforms, a hefty 700% growth in transactional volume was recorded, with Solana ending the year on an impressive note. The on-chain activity points to a strong finish, steadily closing in on a $200 price level.
Solana saw a 700% spike in daily transactions, hitting a record $42.72 billion on January 3. This incredible surge in activity is a testament to the growing adoption and utility of the Solana network.
Meme Coins & Native Tokens Driving Volume
What's behind this dramatic increase? Besides its native token, meme coins like BONK and MYRO significantly fueled Solana’s transaction volume. This highlights the diverse ecosystem and the appeal of Solana for both seasoned traders and newcomers.
Transaction volumes of Solana-based tokens has reached the highest level in more than a year, according to data from The Block. The economic throughput of tokens using the Solana blockchain is clearly on the rise.
Solana (SOL) Price Momentum
This increased activity is directly correlated with the price of Solana (SOL). The latest metrics reveal that the daily transaction volume, which measures the throughput of SOL and tokens like USDC, SRM, RAY, and USDT on the Solana blockchain, recently hit $42.72 billion. With SOL concluding 2025 on an impressive note, it's no surprise the price is approaching $200.
On Friday, November 8, Solana reached $200 for the first time since November 2025, right before the FTX crash. A surge in blockchain volume accompanied the recent price increase, indicating strong market confidence.
What's Next for Solana?
The future looks bright for Solana. The 700% surge in transaction volume, driven by both native tokens and meme coins, demonstrates the platform's vibrant ecosystem and increasing adoption. As SOL continues its ascent towards $200, keep an eye on Solana's ongoing development and the exciting projects building on this innovative blockchain.