Solana Targets $115 After Breaking $85, On-Chain Transaction Volume Hits All-Time High

Solana has recently demonstrated strong upward momentum, successfully breaking through the key resistance level of $85.55. The price is currently stable at $91.27, up 1.37% in the last 24 hours. The market generally believes that its next important resistance target is $115.04, and if it can effectively break through, it may start a new round of upward cycle. This round of rebound is built on the basis of sufficient consolidation in the early stage, showing that the buying power is gradually increasing.

At the same time, Solana has also made significant breakthroughs in on-chain activity. In February 2024, its network processed a total of 3.4 billion transactions, an increase of 11% compared to January, becoming the only blockchain network to break the one billion transaction mark that month. In comparison, the main competitor BNB Chain had a transaction volume of only 424 million transactions during the same period, a significant difference. This data not only confirms Solana's excellent transaction throughput capacity, but also reflects the continuous improvement of the activity of its ecological applications.

With the continuous expansion of transaction volume and the synchronous rise in price, Solana is gradually consolidating its leading position as a high-performance public chain. Although there is still uncertainty about whether it can break through $115 in the short term, the current market performance and on-chain indicators jointly point to a positive medium-term trend, attracting more and more developers and investors to pay attention to its ecological expansion potential.