Solana Network Hits Unprecedented Burning Level

5h ago•

bullish:

bearish:

An unprecedented surge in the daily burning of SOL, Solana‘s native cryptocurrency, reached $87,000 on August 21, marking the highest level in nearly seven months. This substantial increase was propelled by heightened network activity, rebounding market prices, expansion in decentralized finance volumes, and a significant inflow of institutional capital towards Solana.