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MoonPay breaks Solana transaction record twice in two days

The cryptocurrency Solana (SOL) experienced a record-breaking day on November 19, with more transactions in a single day than the entire month of November 2023 combined on MoonPay, a cryptocurrency platform. This surge in activity reflects the growing interest in the Solana blockchain as a decentralized financial ecosystem. MoonPay's partnerships with companies like PayPal have made it easier for new users to onboard and make crypto purchases. Solana's fast transaction speeds and low fees have attracted both retail and institutional users, leading to rising adoption across various applications, including gaming and decentralized finance.

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