MoonPay Breaks Solana Single-Day Transaction Record

On November 19, the digital payment gateway MoonPay announced that their Solana (SOL) transaction volume on that day had surpassed the total transactions for the entire month of November 2023. The following day, the SOL trading volume on this platform continued to increase even further. MoonPay is recording a significant increase in Solana transactions. The company has not been particularly focused on Solana recently, unlike their Ripple integration in August, except for adding support for purchasing SOL via Venmo in October. However, MoonPay has announced record-breaking trading volume figures. "On November 19, MoonPay set a new record for daily Solana transactions! The SOL transactions that day were more than the total for the entire month of November 2023, with a 295% increase compared to the daily SOL trading volume average in 2024," the company shared on social media. Shortly after the initial announcement, MoonPay further stated that the Solana trading volume today had surpassed the previous day. Although the specific reasons are unclear, MoonPay appears to have become a particularly attractive platform for SOL transactions. Solana is currently recording an Open Interest (OI) of close to $5 billion, but still far from its All-Time-High. In addition to the general growth of the cryptocurrency market, a "meme coin frenzy" is driving Solana. For example, PNUT, a new meme coin on the Solana platform, has entered the list of the 100 best-performing assets in just 36 hours. The increased interest in meme coins may be an explanation for MoonPay's success with Solana. The platform has integrated support for purchasing meme coins via Venmo since the end of October and continues to promote this service. However, specific data on the transactions has not yet been disclosed. Nevertheless, MoonPay is further encouraging Solana transactions. The company has announced that it will follow a large number of users on X if Solana reaches a new ATH in November, while continuing to emphasize the SOL trading feature. This price surge in the crypto market is creating a slew of new profit opportunities, and the increasing trading volume on MoonPay is just one example. Join Telegram: https://t.me/tapchibitcoinvn Twitter (X): https://twitter.com/tapchibtc_io TikTok: https://www.tiktok.com/@tapchibitcoin Mr. Teacher According to Beincrypto