Solana’s network activity stats in Q2 can help you in your trading
Solana, house to leading projects such as Serum, Mango Markets, StepN, Magic Eden, and Star Atlas, has seen tremendous ecosystem growth in the last month.
With increased activity on the network, data from Santiment showed that the last three months had been marked by a 105% spike in the network’s social media mentions and 170.94% in its social engagements.
Recently following the release of the y00ts NFT project, Solana recorded a daily NFT volume of 344,000 SOL, marking the highest daily volume since the previous all-time high was set in May.
Given its growth in the last month, let’s assess the network’s performance in the last quarter.
In a new report, blockchain analytics platform, Nansen, offered insights into the performance of Solana in the second quarter of the year (between 1 April – 30 June).
According to the report, Solana saw growth in activities on the network within the period under review. Active accounts on Solana increased from 400,000 at the beginning of April to about one million by the end of May.
In addition, daily active accounts on the network oscillated between 600,000 and one million within the period under review. By 30 June, Solana had logged over 1.1 million daily active accounts.
Source: Nansen
Daily transactions on Solana also grew between the 91-day period under review. According to Nansen, the biggest transactions on Solana in the quarter were vote transactions, totaling around 100 million to 200 million per day.
While other kinds of transactions declined at the beginning of April, they increased from the middle of the month till the close of the quarter.
Source: Nansen
Nansen found further that in the last quarter, Solana recorded more daily transactions than Ethereum did.
While daily
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