
KEY POINTS
- The Solana team said the blockchain logged over 408 billion transactions with more than 1,300 validators
- Solana has been in controversy in recent months following rug pulls around Solana-based meme coins
- $SOL was down nearly 7% Sunday night, with its chart reflecting a downtrend throughout the day
The Solana blockchain is celebrating five years since the initial launch of its mainnet beta, marking another milestone in the network's journey toward broader adoption and further growth.