Wormhole has gotten a lot of attention and the Solana network has become more active.
The mood on the network was positive.
Wormhole, the interchain bridge, launched an airdrop that resulted in the first users receiving 617 million units of freshly minted tokens from W. Control.
The tokens debuted on the Solana-based OpenBook #Decentralized Exchange (DEX) [SOL] at an initial price of $1.66, with a market capitalization of $2.98 billion and a fully diluted valuation of $16.5 billion.
Does #Solana have any problems in the future?
The distribution of W tokens to early users has stimulated participation and engagement in the Solana network. The influx of new users may lead to an increase in ecosystem users, transaction volumes, and ecosystem activity.
However, the increased attention to Solana could also cause problems for the network itself.
Wormhole warns users that providing ether can cause congestion issues for the Solana network. If congestion issues cause delays or difficulties for users, sentiment on the network could drop.
However, at the time of publication, data showed that the Solana network was fully operational and no network outages had been identified.
While the network was in good condition, there were other issues.
#Coinbase stated that some users may experience delays when sending and receiving transactions on Solana. However, the company assured users that their funds were safe.
What's going on with Solana?
Despite these issues, the number of users on the Solana network is growing. According to the token terminal, the number of daily active users has increased by 76.2% in the last month.
In addition, due to the increase in activity on the network, the revenue generated by the protocol has also increased by 494.6%.
These factors could affect the overall sentiment around #SOL going forward. At the time of publication, sentiment around the network remains relatively positive.
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