• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Solana

Solana’s Network Usage Skyrockets: On-Chain Transfer Volume Reaches New Height

Godspower Owie
by Godspower Owie
9 months ago
·
Posted in Solana
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network. Generally, SOL’s market performance may benefit from this substantial growth, which could indicate persistent network scalability and health.

On-Chain Transfer Volume On Solana’s Blockchain At A New All-Time High

A recent report from Glassnode, a world-leading on-chain and financial data platform, reveals that Solana has experienced a remarkable surge in the network’s usage. The network’s activity skyrockets as its on-chain transfer volumes hit new levels, suggesting heightened demand and broader acceptance within the ecosystem.

Related Reading: Solana’s Market Sentiment Surges To Highest Level In 9 Months, What’s Driving It?

This increased activity shows that developers and users are becoming more interested in utilizing the network’s low-cost, high-speed transaction capabilities, among others. It could also spark renewed confidence in the long-term scalability and market potential of Solana, further cementing its position as a leading blockchain network in the dynamic world of cryptocurrencies.

According to the financial platform, the volume of on-chain transfers on Solana increased dramatically in the past day, reaching a peak of almost $224 billion. The surge in transfer volume represents nearly 3 times the overall market capitalization of SOL in a single day, which is currently valued at $76 billion.

Solana
Solana’s on-chain transfer volume reaches record high | Source: Glassnode on X

Data from Glassnode shows that the notable uptick was majorly driven by a particular wallet address with a lot of activity that utilized multiple accounts. Furthermore, the platform pointed out that the wallet, which might be a bot used for arbitrage purposes began to increase the network’s activity and was probably the reason for the rise in transaction fees that was widely discussed in the community.

As Solana’s on-chain activity continues to improve, investors and traders are closely watching for more developments on the network that could impact the price of SOL, leading to a rally in the upcoming months.

SOL’s Active Addresses Reach A Record High Amidst Growing Adoption

Active addresses on the Solana blockchain have also witnessed significant growth alongside the rise in on-chain transfer volume. According to current data, the number of active addresses in October hit a record high of 123 million, reflecting a more than 42% growth in comparison to its performance in the month of September.

Related Reading: Solana DeFi Growing, Daily Users Approaching 7 Million: Will SOL Crack $200?

It is important to note that there were just 12.7 million SOL’s active addresses at the start of the year. This spike was due to an increase in meme coin trade, ultimately fueled by recent activity on decentralized exchange Raydium and apps like Pump.fun. The growing use of SOL for decentralized apps (dApps), Non-Fungible Tokens (NFTs), and gaming are not left out, which are all seeing huge traction on the blockchain.

Solana
SOL trading at $162 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Solana Alpenglow news

Solana Greenlights Alpenglow, Its Most Explosive Upgrade Yet

3 hours ago
Galaxy Digital Deposits 500,000 Solana ($103M) To Coinbase In 5 Days – Details

Galaxy Digital Deposits 500,000 Solana ($103M) To Coinbase In 5 Days – Details

16 hours ago
Solana news

Solana Set To Become The Most Decentralized Blockchain, Fund CEO Claims

1 day ago
Solana

Solana ETFs Are Following Hot On XRP’s Tail — Here Are The Latest Updates

1 day ago
solana-analyse-tendance-leviers-techniques

Solana en route vers les 300 $ : analyse de la tendance des leviers techniques

1 day ago
Solana

Solana Spot ETF Nears Launch As Potential Issuers File Amended S-1 Forms With SEC

4 days ago

Premium Sponsors

Press Releases

  • Sun Yuchen

    Why has billionaire Sun Yuchen set his sights on Xiushan...

    29 minutes ago
  • AlloyX Merges with Solowin Holdings at $350 Million...

    2 hours ago
  • WinnerMining

    “Trump-Backed WLFI Booms — WinnerMining Cloud Mining...

    4 hours ago
  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    19 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    19 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.