Last Friday, the market experienced a flash crash, sending nearly every cryptocurrency plummeting. But Solana completed a remarkable stress test. Amidst market panic, Solana's on-chain data bucked the trend: · DEX daily trading volume reached $5.84 billion, surpassing Ethereum for the first time. · Network throughput remained stable at thousands of transactions per second, delivering smooth, uninterrupted operation. · Gas fees remained extremely low, while some Layer 2 chains saw prices soar into the hundreds of dollars. · On-chain stablecoin supply exceeded $17.5 billion, demonstrating abundant liquidity. These data signal a clear message: Solana did not falter in this extreme market, demonstrating its availability and resilience as a high-performance public blockchain. The price also reflected this: SOL quickly rebounded from a low of $177 to over $200, a 24-hour increase of over 5%. However, it's important to remain calm: Despite its short-term strength, if Bitcoin experiences another sharp correction, Solana will struggle to remain unscathed. In summary: This recent plunge has become an unexpected testament to Solana's strength.
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