Solana’s Resilience: Surpassing 400 Billion Transactions Amid Market Volatility
Solana has reached a monumental milestone by exceeding 400 billion total transactions, showcasing its robust on-chain activity even as its native token, SOL, faces price fluctuations. This achievement underscores the network’s growing adoption and utility in the decentralized finance (DeFi) space. With decentralized exchange (DEX) volume surging 44% to $21 billion in the past week, Solana continues to solidify its position as a leading blockchain for high-throughput applications. Despite SOL testing key support levels, the network’s fundamentals remain strong, hinting at potential bullish momentum ahead.
Solana Surpasses 400 Billion Transactions as SOL Tests Key Support
Solana has achieved a significant milestone by surpassing 400 billion total transactions, signaling robust on-chain activity despite recent price volatility. The network’s decentralized exchange volume surged 44% to $21 billion over the past week, maintaining its position as a leader in blockchain activity.
SOL’s price action shows tension between bullish momentum and technical headwinds. After briefly reclaiming the $150 level for the first time since early March, the asset now tests crucial support at $145.59. Narrowing EMA gaps and cooling RSI suggest consolidation may precede the next directional move.
Binance Redirects Customer Complaints to Kamino Finance Amid Transaction Failures
Binance has instructed users to address transaction-related complaints directly with Kamino Finance, a decentralized protocol on Solana. The exchange clarified its stance via its official Binance Wallet account on X after mounting user reports of failed swaps, vanishing balances, and stuck transactions.
Social media platforms have seen escalating grievances from Binance Wallet users attempting to interact with Kamino Finance. Issues range from liquidity provision failures to unrecovered funds after aborted transactions. Despite tagging Binance for support, the exchange maintains that resolution lies with the third-party protocol.
Trump Media Announces Utility Token and Crypto Wallet for Truth Social Platform
Trump Media & Technology Group (TMTG) unveiled plans to launch a utility token and native digital wallet for its Truth Social platform, according to a shareholder letter. The token will power premium features like subscriptions and extended video uploads, while the company earmarks $250 million from cash reserves for digital asset investments.
Markets reacted negatively to the news, with the Solana-based TRUMP memecoin dropping 10% amid concerns the new token could supersede existing projects. TMTG also revealed expansion plans for its Truth+ streaming service into Canada and Mexico, signaling broader ambitions in the social media and digital content space.
OpenSea Attracts 82K New Traders in a Week, Reclaims NFT Market Dominance
OpenSea is reasserting its position as the leading marketplace for NFT trading, with 82,000 new traders flocking to the platform in the past week. Data from DappRadar highlights this resurgence, underscoring OpenSea’s renewed momentum in the digital collectibles space.
Activity on Arbitrum, Base, and Blast blockchains has fueled the surge, signaling where NFT demand is intensifying. The platform’s recent integration with Solana further expands its reach across key blockchain ecosystems.
