SOLANA dropped 10%, but Solana still beat Bitcoin, Ethereum this way
Solana still beats Bitcoin and Ethereum in the NFT space despite the asset seeing a more than 10% drop in its value.
Solana has become more widely popular, and despite recording growth in price and number of wallets in the first quarter of this year, it is still far behind Bitcoin and Ethereum in terms of market capitalization.
The Solana NFT sector is exploding
However, Solana outperforms both of these networks in the NFT space. In fact, recent data indicates that Solana has the highest number of NFT traders, amounting to 488k.
Furthermore, the total number of NFT transactions taking place on the Solana network is also extremely high and amounts to 6.2 million.
According to Token Terminal figures, the number of active users on Solana has increased by 27.9% over the past month.
Furthermore, Solana's revenue also skyrocketed 391% during this period.
However, at the time of writing, SOLANA price has dropped to $152, seeing a significant drop of over 10.5% over the past 24 hours.
