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Blockchain for Secure Social Media Payments ✌️【High Risk, High Return】✌️Invest with ₹500 and earn up to 100% monthly. Start growing your money now!Solana's network activity lit up on Tuesday as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain.The layer 1 blockchain, considered a cheap alternative to Ethereum, registered a total transaction tally of 66.9 million, the highest since its inception in 2020, according to data source Artemis.

Blockchain for Secure Social Media Payments ✌️【High Risk, High Return】✌️Your ₹500 investment can bring you consistent returns every month.To highlight how busy it was, Solana's transaction count eclipsed the total of all other major chains combined.Solana also led other blockchains in terms of daily decentralized exchange trading volume and daily active addresses but lagged Base, Ethereum and Tron in the stablecoin transfer volume.Since the dawn of the ongoing crypto bull run in early 2024, Solana has been a go-to blockchain for retail investors looking to make a quick buck from memecoins, NFTs and other smaller tokens.Tuesday was no different, as holders of original Pudgy Penguins, Lil Pudgys, Rogs, and Soul Bound Tokens (SBT) lined up for the PENGU airdrop, which began at 08:00 ET.

Blockchain for Secure Social Media Payments ✌️【High Risk, High Return】✌️Start small, earn big! ₹500 can get you high monthly returns!The project reported over 100,000 claims in the first hour with over 4.7 million website views.PENGU debutedat a market cap of $2.3 billion but has since seen the value drop to $2 billion, according to data from Coingecko.Solana's SOL token rose 3.2% to $229 on Tuesday, following the market leader bitcoin higher.

However, the token has struggled to keep the momentum going today, receding to $217, likely representing caution ahead of theFed rate decision.Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.

Blockchain for Secure Social Media Payments ✌️【High Risk, High Return】✌️Invest with ₹500 and earn up to 100% monthly. Start growing your money now!Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses.

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