The consecutive launch of coins by Trump and Melania has brought an unprecedented trading frenzy to the Crypto market, and has also subjected the Solana network to the largest and most intense stress test since its launch.
Since the launch and explosion of TRUMP and MELANIA, Solana has become the battleground for hot money in the entire market. Countless users and funds have poured in crazily, causing the Solana network and its wallets, DEXs, Bots and other trading-related infrastructure to bear huge traffic pressure, and multiple projects including Jupiter have issued statements explaining "all of our systems are now under extreme load".
Under the heavy pressure, the stuttering and failure of transactions on the Solana chain have also increased significantly, and many users have reported being blocked in their transactions on Solana today.
However, unlike the past two years when Solana was mocked after a few stutters or even downtime, the voices mocking Solana this time are much smaller. Because everyone knows that the stress test Solana has experienced this time is terrifying - it is no exaggeration to say that no blockchain has ever borne such a scale of real trading activity in a real-world scenario.
The following data can directly reflect what Solana has experienced in the past two days.
· As the preferred buying channel for non-industry users, Moonshot has topped the list of the most popular financial applications on the US Apple App Store. On the morning of yesterday, Moonshot disclosed that the platform's trading volume reached $400 million in 12 hours, and more than 400,000 new users have joined the Solana ecosystem through its application; in the afternoon of today, Moonshot updated the data again, saying that the daily active users have exceeded 1 million.
· On January 18, the total trading volume of Solana's DEXs reached a record high of $28.2 billion; just one day later, on January 19, this figure rose to $39.2 billion, setting a new high again.
· On January 19, Solana network's "Real Economic Activity" indicator (REV, mainly referring to the total consumption of transaction fees) hit a new high of $56.5 million, more than double the previous high in November.
· Phantom disclosed that after restoring service today, the wallet users have completed a total of 10 million transactions, and the trading volume through the wallet's Swap function has exceeded $1.25 billion.
Solana co-founder Raj summed up the network-wide trading volume data in a single sentence, which is enough to explain everything - "This is the highest level any blockchain has ever seen."
In the face of such a scale of ultimate stress test, it is difficult to guarantee that any blockchain can pass smoothly.
Ethereum? Don't be ridiculous.
Layer2? They struggle even when facing popular airdrops.
Move ecosystem? Maybe, but the scale of the ecosystem is ultimately limited, lacking real-world evidence.
Not to mention those chains that claim to have extremely high TPS but are completely unused.
Solana's performance is not perfect, but it has ultimately passed the test.
Trump's grand show has brought Solana an unimaginable level of attention, helping SOL break through the $260 resistance that has hindered the token's upward momentum twice in the past four years.
Looking ahead, in the new normal environment of Meme, Solana will inevitably face more new traffic, users and buying demand; the network and protocol parties will also optimize and iterate more targeted after this stress test experience; although severely drained in the short term, Solana's ecosystem's frontier innovations such as AI are still ongoing; Multicoin Capital is also promoting a more flexible SOL issuance mechanism to reduce the inflation rate...
Even in the middle stage of the bull market, Solana's fundamentally positive trend and imagination space do not seem to have diminished.
Rather than continuing to search for Alpha in the intricate personal relationships of the Trump family, it is better to firmly grasp the largest Beta in front of us.
