Solana Leads DEX Transactions in August – Impact on SOL
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Analyst
Posted:
- Solana’s daily active addresses have surged notably over the past month.
- SOL’s price action remained under pressure but touched a crucial support level.
Solana [SOL] has been in the limelight due to its meme ecosystem. Concurrently, the blockchain’s network activity has experienced remarkable growth on a critical front.
Will this momentum soon translate into positive price movement for SOL?
Increasing network activity for Solana
Coin98 Analytics, a leading data span analysis platform, recently shared insights highlighting Solana’s latest accomplishments. span > p According to their findings, Solana has dominated DEX transactions among blockchains with an impressive total of 435 million over the past month. p>This figure leaves Base and BNB Chain trailing behind at only 41 million and 31 million respectively. хэншдшиҗюу>With these developments becoming public knowledge, AskFX has sought to analyze Solana’s growing network activity more closely.
The recent data from Artemis indicates that SOL’s daily active addresses increased significantly last month, peaking at 3.5 million on August 30.
Unfortunately, despite this uptick in daily active users, the number of transactions recorded on-chain actually declined during the same timeframe.
Artemis
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SOL continues its bearish trajectory. станди >= between THE CONTINUITY CURVES END Usage Ends’)
Description>{PRERROGATIVES: Despite ongoing enhancements within Solo Network akin changes yield little optimism associated towards performance metrics; CoinMarketCap indicates losses approaching less than approximate since fuel –
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However value plummeted by almost twenty percent just within week intervals where recent fluctuations dictate nearly two percent drops occurred across eighteen-hour spans.