Solana on the rise: $26M staked, major upgrade, and a memecoin surge!

Solana [SOL] has experienced a strong start in 2023, positioning itself as a major competitor to Ethereum [ETH].

at the time of writing, Solana has recorded a 12.07% gain over the past week, despite a slight 0.51% decline in the last 24 hours.Source:In the last three days, a fresh wallet withdrew 150,011 SOL from Binance and staked it, per

Memecoins have played a role in driving transaction volume and active addresses within the Solana ecosystem, contributing to recent growth metrics.Solana’s DeFi sector remains active, with $6.69 billion in Total Value Locked , according to Daily metrics show 4.11 million active addresses and 37.88 million transactions, reflecting strong user engagement.Revenue figures for the past day include $4.55 million in fees and $2.27 million in revenue, indicating a steady flow of network usage.

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