Are your SOL holdings flashing green? Check theMagic Eden, one of the largest dApps on the Solana network, observed growth in terms of volume and transactions. According to Dapp Radar, the volume on Magic Eden increased by 21.12%, and the number of transactions spiked by 73.15% over the past month.
The positive indicators are reflected in Solana’s on-chain activity, which saw a significant spike in recent weeks, according to data from Santiment. The network’s volume has grown from $206 million to $1.45 billion in just one month, which indicates increased market activity and liquidity.was $16.20 at press time and fell by 1.
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