Advertisement
AD

Main navigation

SOL Business Back to Pre-FTX Levels: Here's How Much Money Solana Makes

Advertisement
Wed, 18/01/2023 - 14:43
SOL Business Back to Pre-FTX Levels: Here's How Much Money Solana Makes
Cover image via www.freepik.com
Read U.TODAY on
Google News

According to TokenTerminal, Solana's blockchain business performance has climbed out of the deep hole caused by the FTX crash and has begun to recover to pre-crisis levels. While the native blockchain token, SOL, has grown 130% since the beginning of January, transaction fees, and especially the part that goes to validators, have increased by a factor of two and a half.

Advertisement

The twofold advance in transaction revenue growth against the SOL price is due to a parallel increase in the number of daily blockchain users. As reported by U.Today earlier, it exceeded 150,000 addresses for the first time since the November event.

Related
Solana Revives Major Investors' Interest after SOL Soars 133%

However, it can be assumed that both factors have roughly equal influence on the network's earnings.

Solana's daily flow

As of today, the number of daily transaction fees on the SOL network is equivalent to $45,023, of which half goes to validators. Recall that according to the latest report on the health of validators, there are now more than 3,400 of them on Solana.

Related
Solana Co-founder Points Out What Challenges Altcoin Will Face in 2023

The absolute peak from transaction fees, however, was November 2021, at the end of the last bull market in crypto. At that time, with SOL above $200, the amount of daily transactions on the Solana network averaged $250,000 and sometimes spilled over into the next hundred.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles