Developer activity and engagement in the Solana ecosystem is growing.
Interest in DeFi and ''NFT- Solana'' has declined.
#Solana [SOL] has attracted a lot of activity on its network due to the recent popularity of its coin meme.
However, not only coin memes have attracted users to the Solana network, dApps in the Solana network have also played an important role.
Popular dApps such as Wormhole, Jupiter, and the Pyth network have managed to gain a large number of active addresses over the past few weeks.
Developer activity in these dApps has also increased, indicating that new updates and upgrades are coming soon. These new developments can attract even more users to the network.
Over the past few weeks, the number of daily transactions on the Solana network has increased from 20 million to 30 million.
However, the number of daily active addresses on the network has remained the same.
This suggests that many transactions on the network are coming from old addresses rather than new ones.
In the DeFi sector, the Solana network faces a number of challenges. The volume of DEX (decentralized exchange) transactions on the network has dropped significantly in recent days. In conjunction with this, the TVL (Total Value Locked) metric has started to stagnate.
There has also been a decline in interest in the #ETFvsBTC sector of the Solana network: according to AMBCrypto's analysis of Solana venue data, the total value of Solana's ''NFT venue'' has dropped significantly over the past few days.
''NFT-'' sales volume on the Solana network has also declined over this period.
These factors could have a negative impact on the Solana ecosystem and become an impediment to future growth.
Decreased interest in the Solana ecosystem could also have a negative impact on the #SOL token price. At the time of publication, SOL was trading at $146.24, and the price has fallen 4.84% in the last 24 hours.
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