Solana Fees Near 9,200 $SOL
{future}(SOLUSDT)
as Network Activity Hits Record High
Solana’s network fees climbed to a seven-day average of nearly 9,200 SOL on Aug. 27, up more than 80% from three months earlier, as onchain activity continued to accelerate.
Seven-day non-vote transactions reached a record 191 million, more than double the 88 million recorded a year ago. Meanwhile, Jito validator tips averaged 2,073 SOL per day over the past week, rising 26% week over week.
At the same time, Sol...
Strategy Buys 4,603 Bitcoin for $370 Million
Michael Saylor’s Strategy acquired 4,603 BTC for $370 million at an average price of $80,318 per Bitcoin, marking its first Bitcoin purchase in more than two months.
The acquisition brings Strategy’s total holdings to 845,050 BTC, purchased for about $63.3 billion at an average cost of $75,413 per BTC.
The purchase was funded primarily through a $602 million sale of MSTR common stock. Strategy also allocated $30 million to its cash reserves and $151.8...