Solana network trading volume hits multi-month low in August

Transaction activity on the Solana blockchain fell sharply in August, with monthly non-voting transactions on Solana hitting a multi-month low in August, below the levels seen for most of 2024, with more than 700 million transactions in each month prior to August, according to the data, a decline that brought activity back to its highest level since September 2023, when there were 494 million transactions. In addition, Solana's mobile subscriber base fell nearly 63 per cent to 485.61 million from 1.31 billion in July.