SOL rises 5% as transaction activity becomes long-standing highlight of Solana Network’s performance

Solana price is up 5% after landmark fourth Bitcoin halving. SOL has dominated daily transactions, boasting 30% across layer 1 and layer 2 networks. After completing a rounding bottom pattern, Solana price could rally as bulls hold $130.45 support. Solana price is among the top gainers among the large market capitalization-sized tokens following the successful conclusion of the fourth Bitcoin halving.

Transaction activity on the Solana network refers to the volume of transactions being processed on the blockchain at any given time. This activity can include various interactions such as transferring SOL, executing smart contracts, decentralized applications interactions, and more.Solana has emerged as the leading platform for on-chain financial activity, with its total transaction fees surging by approx. 417%.

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