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Solana Blockchain Hits New Records After PENGU Token Launch

  • The launch of Pudgy Penguins’ PENGU token on Solana triggered record activity, with 9 million transactions in a single day, surpassing all other major blockchains combined, alongside leading in DEX trading volume and daily active addresses.
  • Over 100,000 claims were made during the PENGU airdrop within the first hour, but the token’s value dropped by over 50% within 24 hours.
  • Solana also led in daily DEX trading volume and daily active addresses, but trailed behind other blockchains in stablecoin transfer volumes.
  • European investors can now access a new Solana Staking ETP from Bitwise, allowing them to stake SOL and earn rewards through a low-cost and transparent investment vehicle.

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