Franklin

The Graph

Billion

Rise

Pyth Network

<p>After a period of calm, SOL crypto is back in force, now trading at $146 per piece, with an impressive increase of 12% in just one week. Other crypto market indicators follow the same positive trend, confirming a resurgence of activity. But beyond this surge, the altcoin market is also very dynamic, with astonishing transaction volumes. Could Solana be on the verge of strengthening its dominance?</p>
<h2 id="h-solana-the-giant-crushing-its-competitors">Solana: the giant crushing its competitors</h2>
<p>The Solana network is not just another blockchain among others; it is both an <a href="https://www.cointribune.com/en/solana-the-great-return-of-the-ethereum-killer/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Killer</a> and <strong>a bulldozer in motion</strong>. The SOL crypto dominates with <strong><a href="https://x.com/pnxgrp/status/1837810501163589809" target="_blank" rel="noopener noreferrer nofollow">an astronomical transaction volume</a> of $67.8 billion</strong>. This figure does not come out of nowhere: it reflects the <strong>growing enthusiasm of traders</strong> and investors for this network, which is becoming increasingly attractive.</p>
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<p>It’s no wonder that financial giants are starting to settle in.</p>
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     <p lang="en" dir="ltr">TOP <a href="https://twitter.com/hashtag/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOLANA</a> TOKENS BY WEEKLY TRADING VOLUME<a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> <a href="https://twitter.com/search?q=%24FIDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FIDA</a> <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JUP</a> <a href="https://twitter.com/search?q=%24GMT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GMT</a> <a href="https://twitter.com/search?q=%24PYTH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PYTH</a> <a href="https://twitter.com/search?q=%24GRT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GRT</a> <a href="https://twitter.com/search?q=%24JTO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JTO</a> <a href="https://twitter.com/search?q=%24DRIFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DRIFT</a> <a href="https://twitter.com/search?q=%24PRCL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PRCL</a> <a href="https://twitter.com/search?q=%24CVC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CVC</a> <a href="https://twitter.com/search?q=%24TNSR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TNSR</a> <a href="https://twitter.com/search?q=%24SAMO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SAMO</a> <a href="https://twitter.com/search?q=%24RAY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RAY</a> <a href="https://t.co/ga6SpKkPlU" rel="noopener noreferrer nofollow">pic.twitter.com/ga6SpKkPlU</a></p>— PHOENIX – Crypto News &amp; Analytics (@pnxgrp) <a href="https://twitter.com/pnxgrp/status/1837810501163589809?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 22, 2024</a>
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<p>But SOL crypto is not alone in making waves on Solana. <strong>Tokens like Dogwifhat (WIF) and (Bonk) BONK</strong>, <a href="https://www.cointribune.com/le-chauffeur-de-taxi-qui-a-fait-fortune-avec-bonk-bonk-devoile-ses-prochains-investissements/" target="_blank" rel="noopener noreferrer nofollow">that memecoin that made a taxi driver rich</a>, also play starring roles, with $1.7 billion and $1.2 billion in transactions, respectively.</p>
<p>Not to forget the newcomers trying to make a place for themselves in the sun:</p>
<ul>
 <li>Bonfida (FIDA): $41.1 million;</li>
 <li>Jupiter (JUP): $1.1 billion;</li>
 <li>Stepn (GMT): $339.7 million.</li>
</ul>
<p>In summary, Solana has no intention of slowing down its wild race, and <strong>SOL seems well-poised to remain the king</strong> of this crypto jungle.</p> 
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<h2 id="h-sol-a-major-player-in-the-crypto-market">SOL: a major player in the crypto market</h2>
<p>If you still have doubts about the impact of SOL crypto on the market, these figures should convince you. While other cryptos struggle to maintain their place, <strong>SOL shines at the top of the Solana ecosystem</strong>.</p>
<p>So much so that even tokens like Raydium (RAY), which powers the Solana automated market, have seen $408.8 million in volume. Others like Samoyedcoin (SAMO), more modestly, have recorded $24.8 million.</p>
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<p>The Solana network continues to grow, attracting not only developers but also major investors, and <strong>it is this diversity that makes its strength</strong>. According to Phoenix data, each token plays a crucial role in the ecosystem:</p>
<ul>
 <li>Pyth Network (PYTH): $1.1 billion in volume;</li>
 <li>The Graph (GRT): $1.5 billion.</li>
</ul>
<p>This growing interest is only accelerating the network’s development speed, confirming the <strong>strategic place of Solana</strong> in the crypto world. And if you are still wondering why Société Générale, the author of a <a href="https://www.cointribune.com/en/crypto-societe-generale-arrives-on-solana-with-its-euro-stablecoin/" target="_blank" rel="noopener noreferrer nofollow">euro stablecoin project</a>, <a href="https://www.cointribune.com/en/crypto-solana-attracts-finance-giants-like-citibank-and-franklin-templeton/" target="_blank" rel="noopener noreferrer nofollow">Citibank and Franklin Templeton</a> are eyeing this network, the figures speak for themselves.</p>
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67.8 Billion $ In Transactions – A Continuous Rise For Solana’s Crypto?

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