Solana

<p style="text-align: justify">After a flurry of ups and downs last year, Solana’s (SOL) ecosystem is finally facing a revival. In fact, a significant portion of this interest in its ecosystem is directed by Non-Fungible Tokens (NFTs) on the Solana network.</p>
<h2 id="attack-on-solana-nfts">Attack on Solana NFTs!</h2>
<p style="text-align: justify">In the last two days, the number of unique Solana NFT purchase wallets exceeds 12,000 daily. This situation indicates an important milestone that has reached the highest level of all time for this measure, at a rate over 60% of unique ETH NFT purchase wallets. More than 12,000 unique Solana NFT purchase wallets occurred each day over the past two days. This is higher than unique ETH NFT purchase wallets by 60% and this is the highest level of all time for this rate.</p>
<p style="text-align: justify">The increase in unique Solana NFT purchase wallets exceeding those in ETH points to the growing interest and adoption of NFTs on the Solana blockchain. This increased activity may positively affect the Solana ecosystem by attracting the interest of more creators, developers, and users who will benefit from the platform for NFT-related activities.</p>
<p><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-287650 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/NFT.png" alt="" width="2048" height="868"></p>
<h2 id="peak-metrics-in-sol">Peak Metrics in SOL</h2>
<p style="text-align: justify">Higher participation also reveals potential opportunities for decentralized applications (DApp) and projects built on Solana, contributing to the overall vitality and expansion of Solana’s blockchain. In addition, the volume on Solana’s decentralized exchanges (<a href="https://en.coin-turk.com/thorswap-enters-temporary-maintenance-mode-to-mitigate-increase-in-illegal-funds/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DEX</a>) reached the highest levels of all time, hitting new peaks consistently over the past three days. This significant trend underlines the strong and growing transaction activity in Solana, reflecting increased user participation and liquidity in the decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">finance</a> (<a href="https://en.coin-turk.com/ethereum-based-project-blast-revamps-its-narrative-with-major-update/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>) ecosystem on the Solana blockchain.</p>
<p style="text-align: justify">Due to these factors, the number of daily active addresses on the Solana network also increased. However, the number of transactions taking place on the network dropped. It is worth noting that the price of SOL did not see positive momentum during this period. The volume in which SOL was transacted also largely fell during this period. Along with the same situation, development activity in Solana also decreased. This meant a decrease in the number of contributions from developers on GitHub. Expected new updates on the Solana network may be affected by this.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/solanas-ecosystem-revives-a-surge-in-solana-nfts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/solanas-ecosystem-revives-a-surge-in-solana-nfts/</a>

Solana’s Ecosystem Revives: A Surge in Solana NFTs

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