Morning Edition · Sunday, June 21, 2026Published at 6:31 AM EDT · New York

Where On-Chain Activity Is Actually Concentrating

Solana transaction counts have roughly doubled this year and Ethereum stablecoin transfers have risen sharply, even as the value secured on layer-2 networks shifts unevenly.

Apart from short-term price movements, a more durable indicator is actual usage, and it is changing. Cointelegraph reported that Solana on-chain transactions have more than doubled since January 1, a sign that activity is concentrating on h…