Solana surpasses 3.4 billion on-chain transactions in February, 11% higher than January and leading rival networks

Solana processed 3.4 billion transactions in February, reflecting an 11% month-over-month increase from January's volume, according to data cited in the report. The Layer 1 network was described as the only blockchain to reach the billion-transaction level in February, while BNB Chain, a key competitor, handled 424M transactions over the same period.