Solana Sees Explosive Growth with 5M Daily Users

Key Highlights:

• Solana hits 5 million daily users!
• Magic Eden splits from its marketplace partners.
• Phantom wallet faces backlash over swap fees.

Solana’s native token, $SOL, is trading at $135.87, up 4.47% over the past week. With a market cap of $63.5 billion, Solana continues to maintain a strong Total Value Locked (TVL) of $4.8 billion.

In the past 24 hours, Solana has raked in $302,843 in fees, while daily active addresses have surpassed 4 million. Its 24-hour trading volume stands at $1.69 billion, putting it ahead of competitors like Ethereum, TRON, and Arbitrum in terms of 7-day performance.