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Solana Hits Record 959 Million Weekly Transactions

The Solana blockchain (high-speed Layer-1 network) achieved an all-time high transaction volume over the past week, signaling expanding user activity and ecosystem growth.

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Terms & Concepts
  • Solana blockchain: A high-performance Layer-1 blockchain designed for scalable, low-cost transactions, often used for DeFi, NFTs, and gaming applications.
  • Layer-1 network: A base blockchain protocol, such as Solana or Ethereum, that processes and validates all transactions without relying on another blockchain.
  • Transaction volume: The total number of transactions processed on a blockchain over a specific time period, often used as an indicator of network activity.