Solana surpasses rivals with record-breaking 66.9 million daily transactions

Insights Solana

Pudgy Penguins NFT initiative drives Solana's record-breaking day.

Solana (SOL) has solidified its position as a leading blockchain, setting a new milestone with unmatched network activity over the past day.

According to Artemis data, the network processed an impressive 66.9 million transactions on Dec. 17. This achievement illustrates its growing popularity and efficiency.

Solana Daily Transactions (Source: Artemis)

This surge positioned Solana far ahead of its peers, with its transaction volume exceeding that of all major blockchains combined. The network also led in user engagement, accounting for more than half of the daily active addresses across leading blockchain platforms during the same period.

Solana Daily Active Addresses (Source: Artemis)

Furthermore, decentralized trading on Solana soared as well, with Artemis reporting around $5 billion in daily trading volume on decentralized exchanges — a testament to the network’s scalability and efficiency.

Solana DEX Volume (Source: Artemis)

Market experts suggest that the launch of the Pudgy Penguins NFT project’s native token, PENGU, on Solana contributed to this performance. This event not only increased user interest but also showcased the blockchain’s ability to handle high levels of activity, cementing its reputation as a leading choice for Web3 applications.