News - Solana Breaks Record, Highest Transaction Revenue Ever."
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The memecoins caused quite a stir in the market, and this had a positive effect on the validators of the Solana blockchain, on which these tokens were traded. On Sunday, transaction fees reached a record high of US$33 million, mainly due to the huge demand for the Donald Trump token. At the beginning of the week, demand for this token remained strong. Data shows that the "Official Trump" token ranks sixth among all cryptocurrencies in trading volume, on par with Solana and even ahead of XRP.
The launch of these tokens on Solana was not without problems, however, as the blockchain seemed to briefly collapse under the pressure. Users reported network problems on platform X, and Solana's blockchain explorer showed no new transactions for about 30 minutes.
Solscan, also not reporting any recent transactions in the last 30 minutes. pic.twitter.com/kFd6iyb6ar
— Dave (@ItsDave_ADA) January 19, 2025
Screenshots of error messages even circulated. Although a complete outage did not occur, concerns were not unfounded. In fact, the Solana blockchain has gone offline 11 times in the past, with the most recent outage occurring in February 2024.