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Solana Marks 5 Years With 408+ Billion Transactions, $SOL Down 7%

Solana
International Business Times Fews App News Provider
Fews App Post Time ha 53d

Solana is celebrating five years since its mainnet launch and the genesis block was created. Solana on X / Video Screenshot KEY POINTSThe Solana team said the blockchain logged over 408 billion transactions with more than 1,300 validatorsSolana has been in controversy in recent months following rug pulls around Solana-based meme coins$SOL was down nearly 7% Sunday night, with its chart reflecting a downtrend throughout the dayThe Solana blockchain is celebrating five years since the initial launch of its mainnet beta, marking another milestone in the network's journey toward broader adoption and further growth. While Sunday's milestone is huge for the Solana chain and users of the blockchain's native cryptocurrency SOL are celebrating across social media, the fifth-year anniversary comes as the token struggles to hit the green line.

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