MoonPay Breaks November 2023 Record for Solana Transactions in One Day

BE[IN]CRYPTO11-21 12:10

MoonPay processed more Solana transactions on November 19 than in the entire month of November 2023, with a 295% rise in daily averages. A bull run in Solana and meme coin interest, like PNUT’s rapid ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMoonPay Breaks November 2023 Record for Solana Transactions in One Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 12:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/moonpay-solana-transaction-record-meme-coin/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MoonPay processed more Solana transactions on November 19 than in the entire month of November 2023, with a 295% rise in daily averages.\nA bull run in Solana and meme coin interest, like PNUT’s rapid ...</p>\n\n<a href=\"https://beincrypto.com/moonpay-solana-transaction-record-meme-coin/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://beincrypto.com/moonpay-solana-transaction-record-meme-coin/","article_id":"2485480987","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/12/bic_-Solana_SOL_4-covers_bullish-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485480987","pubTimestamp":1732162218,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"MoonPay processed more Solana transactions on November 19 than in the entire month of November 2023, with a 295% rise in daily averages.A bull run in Solana and meme coin interest, like PNUT’s rapid growth, may explain MoonPay’s popularity for SOL trades.October’s Venmo integration for meme coins may have eased trading, but exact correlations to the surge remain unclear.On November 19, the crypto payment gateway MoonPay announced that it had more Solana transactions that day than all of November 2023. The following day, its SOL trade volumes increased even further.MoonPay has not disclosed a reason for this heightened Solana transaction rate, but a frenzy in SOL meme coins might provide an explanation.Regardless, MoonPay is encouraging further Solana trading. It offered to follow large numbers of X users if Solana hits an all-time high in November and has once again showcased SOL trade functionality. This crypto bull market is creating a wild array of new profit opportunities, and thes","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","SOL":"EMEREN GROUP","BK4519":"光伏太阳能"},"translate_title":"MoonPay打破2023年11月Solana单日交易量记录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOL":1},"content_text":"MoonPay processed more Solana transactions on November 19 than in the entire month of November 2023, with a 295% rise in daily averages.\nA bull run in Solana and meme coin interest, like PNUT’s rapid growth, may explain MoonPay’s popularity for SOL trades.\nOctober’s Venmo integration for meme coins may have eased trading, but exact correlations to the surge remain unclear.\n\nOn November 19, the crypto payment gateway MoonPay announced that it had more Solana transactions that day than all of November 2023. The following day, its SOL trade volumes increased even further. \nMoonPay has not disclosed a reason for this heightened Solana transaction rate, but a frenzy in SOL meme coins might provide an explanation.\nMoonPay’s Solana Bull Run\nMoonPay, a cryptocurrency payment gateway, is enjoying substantial rates of Solana (SOL) transactions. The firm has not deliberately specialized in Solana recently, as it did with its August Ripple integration, except for enabling Venmo for SOL buys in October. Nonetheless, MoonPay announced unprecedented volumes.\n\n“On November 19, MoonPay smashed our single day all-time record for Solana transactions! More SOL transactions that day than ALL of November 2023 combined, [and] 295% increase in 2024 daily SOL average. And they said it was only a Solana Summer…” the company claimed via social media.\n\nSoon after this first statement, MoonPay also announced that today’s Solana transaction volumes were already exceeding the previous day. For an undetermined reason, MoonPay has evidently become a particularly attractive platform for SOL trades. To analyze this phenomenon, it’s worth noting that Solana is experiencing a bull market.\nSolana Price Gains in November. Source: BeInCrypto\nSolana is flirting with $5 billion in open interest but is still far from its all-time high. Beyond the general bull run in the entire crypto market, a “meme coin mania” is pushing Solana right now. For example, PNUT, a newly launched SOL meme coin, became one of the 100 highest-performing assets 36 hours after launch. \nThis heightened interest in meme coins might explain MoonPay’s Solana success. The platform integrated Venmo support for meme coins in late October and has continued advertising this service. However, its exact transaction data remains private.\nRegardless, MoonPay is encouraging further Solana trading. It offered to follow large numbers of X users if Solana hits an all-time high in November and has once again showcased SOL trade functionality. This crypto bull market is creating a wild array of new profit opportunities, and these trade volumes are just one example.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nBitpanda\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nBitpanda\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485480987"}