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Binance Chain and Solana Lead Blockchain Transaction Volume to Record Highs

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07-25
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Recently, the blockchain network reached a historic milestone, processing over 340 million transactions in a single week. Solana and BNB Chain (Binance Smart Chain) led this growth, collectively accounting for nearly 80% of the total transaction volume. Solana led the market with a 59.46% share, mainly driven by active trading on meme coin platforms like LetsBonk and Pump.fun; BNB Chain followed closely with an 18.76% share, maintaining its position as the ecosystem with the most decentralized applications (DApps). Additionally, TRON ranked third with a 4.68% transaction volume share, with its USDT transaction volume recently surpassing Ethereum by a five-fold advantage. These data not only demonstrate the strong user engagement of major public chains but also reflect the increasingly optimistic sentiment in the cryptocurrency market. With the popularization of blockchain technology and the expansion of application scenarios, the future market development potential is worth looking forward to.

Solana and BNB Chain Drive Blockchain Activity to a Historic New High

The blockchain network reached a historic milestone, processing over 340 million transactions in a single week. Solana and BNB Chain led this growth, accounting for nearly 80% of the total transaction volume. Solana led with a 59.46% share, primarily driven by meme coin platforms like LetsBonk and Pump.fun; BNB Chain followed closely with an 18.76% share, maintaining its position as the ecosystem with the most decentralized applications.

TRON ranked third with a 4.68% transaction volume share, with its USDT transaction volume recently surpassing Ethereum by a five-fold advantage. These indicators demonstrate strong user engagement of major public chains, reflecting the increasingly optimistic sentiment in the cryptocurrency market.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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