Pudgy Penguins NFT Launch Sparks Unprecedented Activity on Solana Blockchain

Coin-Turk 11 months ago 163

On Tuesday, the launch of Pudgy Penguins’ local token, PENGU ($0.01), triggered extraordinary network activity on the Solana $209 blockchain. During the launch, transactions peaked at 9 million, marking the highest daily total recorded since Solana’s inception in 2020. Data from Artemis revealed that this transaction volume surpassed the combined totals of all other major blockchains.

PENGU Airdrop Attracts Significant Attention

The airdrop event for the PENGU token commenced on Tuesday, December 19, at 8:00 AM ET. This event included holders of Pudgy Penguins, Lil Pudgys, Rogs, and Soul Bound Tokens. Within the first hour, over 100,000 requests were made, and the project garnered 4.7 million website visits. However, the token’s market value dropped by over 50% within the first 24 hours, raising concerns among participants.

The high demand during the airdrop process highlighted the scalability of Solana’s blockchain infrastructure. Additionally, this situation demonstrated that

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