The Solana ecosystem has witnessed a remarkable surge in activity over the past 24 hours, with over 1.3 million active wallet interactions recorded.
This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s rapid expansion.
In the NFT sector, Solana continues to outperform all other chains combined in trading royalties. With a market dominance of 60%, Solana has solidified its position as a leader in the NFT space. This dominance underscores the platform’s robust infrastructure and its ability to attract NFT creators and traders alike.
Over the past week, more than $60 million has been bridged from other chains to Solana, facilitated by platforms such as deBridgeFinance and Wormhole. This influx of funds highlights the increasing confidence in Solana’s ecosystem and its growing interoperability with other blockchain networks.
According to Coin98Analytics, Solana is leading the pack with the highest increase in the number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s expanding influence in the decentralized finance (DeFi) space and its appeal to new users seeking efficient and scalable blockchain solutions.
Overall, Solana’s recent growth in wallet interactions, NFT trading royalties, and new DeFi users signals a robust and thriving ecosystem. As more users and assets continue to flow into the network, Solana is well-positioned to maintain its upward trajectory and solidify its status as a leading blockchain platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Image Source: alexandarilich/123RF // Image Effects by Colorcinch
The launch of $ELIZA, a token introduced by Andreessen Horowitz (a16z) partner @shawmakesmagic, has sparked…
Cardano ($ADA) has been making waves in the crypto market, breaking away from the altcoin…
The rise of real-world asset (RWA) tokenization is reshaping the decentralized finance (DeFi) landscape, creating…
The meme coin market is experiencing a remarkable resurgence, surging 84% in value and capturing…
Bitcoin continues its meteoric rise, repeatedly breaking all-time highs (ATHs) as it attracts massive inflows…
Despite Ethereum's ($ETH) recent underperformance against Bitcoin ($BTC), many ETH holders continue to endure unrealized…