X402 Transactions Account for 1% of Solana’s Daily Nonvote Activity

Data shows that on the previous day, X402 transactions represented a measurable portion of Solana’s nonvote transaction volume.

SOL

Summary

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Terms & Concepts
  • Solana: A high-performance blockchain platform designed for fast, low-cost transactions and scalable decentralized applications.
  • Nonvote transactions: Transactions on Solana that are not related to validator voting, typically involving user or application activity.
  • X402 transactions: A specific transaction type or code on the Solana blockchain, identified in network analysis as X402.