On August 21, Solana’s onchain activity surged, resulting in a daily burn of 87,000 SOL tokens. This figure represents the highest daily burn for the network in nearly seven months, significantly exceeding the typical daily burn of around 648 SOL. This spike in activity suggests heightened network usage, likely driven by increased transactional volume. Market participants now anticipate a slight increase in the likelihood of Solana reaching higher price targets by the end of the month. Contracts on Solana reaching $160 by September 1, 2026 show YES shares priced at 1.4%, up from 1% twenty-four hours earlier.
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