<ul><li>Glassnode reported a surge in Solana's on-chain transfer volume at around $224 billion.</li><li>Solana's average transaction fee has more than doubled in the past month, attributed to increased speculative trading activity and automated trading bots.</li><li>VanEck's analysis reveals that approximately 14.2% of Solana's revenue is linked to wash trading, raising concerns about the authenticity of its reported growth metrics and potential volatility.</li><li>VanEck has included expanded risk disclosures in its Solana exchange-traded product offering to ensure transparency for investors.</li></ul>

Glassnode Exposes $224 Billion Solana Surge; VanEck Cites 14% Revenue from Wash Trading

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