Other networks have yet to see similar activity take off. Earlier this year, in March, for example, Solana amassed $3.2 million in fees over 24 hours, beating a $300,000 record from 2021. Onchain volumes climbed over $3 billion, flipping a November 2022 record of $300 million, as a CoinDesk analysis showed. No other popular blockchain, such as Ethereum, BNB Chain, or Tron, saw a bump in activity during that period, indicating that traders’ attention was focused on a single network.
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