DeFi
Solana Ecosystem Thrives on Major Growth in Wallet Interactions and NFT Dominance » The Merkle News
THE Solana Ecosystem saw a remarkable increase 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 were added in the last seven days, further indicating the rapid expansion of the ecosystem.
🚨 REPORT: Solana Ecosystem Sees Major Growth
Over the past 24 hours, the @Solana The ecosystem saw an increase in activity, with over 1.3 million active wallet interactions.
➤ 36% increase in wallet interactions.
➤ 352,000 new wallets added in the last 7 days pic.twitter.com/uZiOU1bzsD— SolanaFloor (@SolanaFloor) July 23, 2024
In the NFT space, Solana continues to outperform all other chains combined in terms of trading fees. With a market dominance of 60%, Solana has solidified its leadership position in the NFT space. This dominance underscores the platform’s robust infrastructure and ability to attract NFT creators and traders.
🚨 LATEST NEWS: @solana continues to outperform all other chains combined in terms of commercial royalties (from NFTs).
Market dominance: 60% pic.twitter.com/fvDG5xmSv2
— SolanaFloor (@SolanaFloor) July 23, 2024
Over the past week, over $60 million has been transferred from other chains to Solana, thanks to platforms such as deBridgeFinance and Wormhole. This influx of funds underscores the growing trust in the Solana ecosystem and its increasing interoperability with other blockchain networks.
🚨REPORT: Over $60 million was transferred from other channels to @solana last week, facilitated by @deBridgeFinance And @wormhole. pic.twitter.com/UMIyweg9ak
— SolanaFloor (@SolanaFloor) July 22, 2024
Solana leads the pack with the biggest increase in new monthly DeFi users
According to Coin98Analytics, Solana leads the pack with the highest increase in new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s growing influence in the decentralized finance (DeFi) space and its appeal to new users looking for efficient and scalable blockchain solutions.
Solana leads the pack with the highest increase in new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains pic.twitter.com/7ffxSqV8no
— Coin98 Analytics (@Coin98Analytics) July 22, 2024
Overall, Solana’s recent growth in terms of wallet interactions, NFT transaction fees, and new DeFi users indicates a robust and thriving ecosystem. As more users and assets continue to flow onto 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 purchasing cryptocurrency or investing in any service.
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