Here’s The Secret To Solana’s Recent Spike; SOL Launches Carbon Emissions Tracker

April 23, 2023

Solana launched its real-time data portal for tracking carbon emissions from the blockchain on April 21, 2023. Since then, the asset’s price has spiked by almost 4% in the past 24 hours, reaching $22.13. This jump in price is a huge boost for Solana as it experienced weekly losses of around 8.5%. 

  • The rally is largely due to the increased buying pressure. Which has caused the asset’s market cap to rise to $8.6 billion, a significant increase of $312 million in just 24 hours. 
  • The dashboard provides a means to stay up-to-date with key network metrics such as energy consumption, emissions, and network power intensity.
  • The tracker indicated that Solana emitted approximately 10,651 tonnes of carbon dioxide and consumed over 26,000 megawatt-hours of electricity from April 1, 2022, to March 31, 2023.

Overall, this increase in buying pressure suggests a potential bullish sentiment in the market. As of now, we should keep an eye on SOL. 

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