Anatoly Yakovenko, co-founder of Solana (SOL), addressed concerns regarding the blockchain’s transaction data on X (formerly Twitter). His statement highlighted the network’s rapid growth, attributing its success to high transaction speed. In August 2023, Solana processed a staggering 2.9 billion transactions, surpassing Ethereum (ETH) which has processed an estimated 2.9 billion transactions since its inception in 2015. Yakovenko emphasized that Solana’s network activity mirrors Ethereum’s historical volume in just one month. The statement comes after Solana’s official account revealed a record-breaking $148 million in revenue generated by network applications in August, representing a 92% year-over-year increase. This impressive growth was accompanied by a doubling of active wallets to 83 million and the issuance of over 843,000 new tokens. These figures were cited as proof of Solana’s strong potential for continued scalability and expansion.