Solana recently saw a massive spike in on-chain transfer volume, reaching approximately $224 billion in a single day - almost three times the market cap of SOL at $76B! This surge was apparently driven by a single wallet controlling multiple accounts, likely operated by a bot. The increase in fees that many noticed recently can likely be traced back to this activity.

Now, with the first stage of Solana support live on Glassnode, you can dive into similar insights. Access essential metrics like address activity and transfer volume to explore Solana’s network dynamics. More metrics will be coming soon as part of our multi-chain expansion.

Explore the full list of new Solana metrics: https://glassno.de/48Dhri0