SOL

DappRadar: ‘So, is Solana dead? Doesn’t look like it, right?’

by BSCN

January 12, 2023

The Head of Content at DappRadar examined bullish activity on the Solana blockchain in 2023, including DeFi, NFTs, GameFi and the Saga DVT-1 phone.

Renewed Activity on Solana in 2023

DappRadar examined the statistics on activity on the Solana blockchain, concluding that the rumors of the network’s demise may have been greatly exaggerated.

The $SOL is shining once again on the Solana realms.

Finally some sun, as @raydium has seen a jaw-dropping increase of 379% in Unique Active Wallets this week.

Is the entire Solana ecosystem doing this good? @nederob took a look 🧵👇

(1/7) pic.twitter.com/Iu06grQk4B
— DappRadar (@DappRadar) January 11, 2023

The Twitter thread by DappRadar Head of Content @Nederob contains highlights including:

Unique Active Wallets on Raydium DEX increased by 379% in seven days
Similarly, UAW on Orca DEX rose 84%, Saber DEX 77% and Magic Eden 13%
Average prices for Non-Fungible Token (NFT) collections increased -- Solana Monkey Business (42%), Taiyo Robotics (87%) and Galactic Gecko Space Garage (45%)
Solana games like Star Atlas, ev.io and Aurory are still developing
The Solana mobile phone Saga DVT-1 is coming soon

@Nederob concluded:

“So, is Solana dead? Doesn’t look like it, right? But there are still bumps in the road. Keep building! 📷”

What is Solana:

Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.