Despite the ongoing bear market, the total number of transactions conducted on the Solana ($SOL) network is nearing the 100 million mark. As per Solana’s blockchain explorer, the network has processed 96.62 million transactions and is currently processing an average of 3,044 transactions per second, well below the network’s touted capacity of up to 50,000. Nevertheless, institutional investors have increased their exposure to several altcoins, including Solana.