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Earn product recommendation commissions ✌️【Remote Work】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!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.

Earn product recommendation commissions ✌️【Remote Work】✌️Invest ₹500 in our safe platform and start earning passive income 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.

Earn product recommendation commissions ✌️【Remote Work】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!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.

Earn product recommendation commissions ✌️【Remote Work】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!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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