Solana's network witnessed a surge in trading activity fueled by the TRUMP and MELANIA tokens, resulting in record-breaking transaction fees and tips for validators. The increased activity reflects growing interest in token sniping and decentralized finance on the Solana platform.
Solana experienced a surge in trading activity driven by the TRUMP and MELANIA tokens, resulting in record-breaking fees and tips for validators. On January 20th, validators received over 87,000 SOL, worth nearly $25.8 million, due to intense trading. The peak was largely attributed to the TRUMP token's rally, followed by increased interest in the MELANIA token. This activity led to a significant increase in transaction bundles, reaching 24.
7 million, as users sought to ensure the success of their transactions. Solana boasts 4.5 million daily active users, with 1.5 million of them engaging in unique tipping behaviors, indicating a strong interest in token sniping on platforms like Meteora and Orca. Transaction bundles on Solana are grouped collections of transactions sent to validators for processing. Users, or bots, often include additional fees, known as tips, to incentivize validators to prioritize their transactions within a block. The increased trading activity briefly boosted passive income for stakers to an annual rate of 7.14%, while inflation rates dipped below 5%. TRUMP was trading at $42 on Wednesday morning, experiencing a 25% surge in the past 24 hours, while MELANIA saw slight losses, trading at $4. Shaurya, the CoinDesk tokens and data team's Co-Leader in Asia, specializes in crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds a diverse portfolio of cryptocurrencies and actively provides liquidity to numerous decentralized finance protocols
Solana TRUMP Token MELANIA Token Token Sniping Decentralized Finance Transaction Fees Validators Staking Inflation Rate
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