Solana’s development activity may be on the rise, but SOL tells a different story

The debris fell again over Solana [SOL] That’s where the crypto markets have worked in recent days. One of the main reasons for the recent massacre was the speech of Federal Reserve Chairman Jerome Powell. His comments saw major cryptocurrencies lose their support and SOL appears to be one of the toughest assets at the moment.

Solana has been hit 9.5% in the past day alone, changing hands at $31.76 at press time. This is the lowest point Solana has seen since mid-July, according to data from Coin Market Cap.

As previously reported, with Solana’s bearish trend increasing, some traders are expecting prices to retest the $26 mark. Some also expect prices to fall further.

However, there are some signs of relief in the Solana ecosystem with some unexpected winners this week. Some of these protocols increased activity along with token holdings in the wake of the recent massacre.

We believe in Solana!

Solana News reported the highest daily earnings in the Solana ecosystem in A tweet. According to the update, Soldoge has emerged as an unexpected winner as Solana’s best asset.

The SDOGE token is up a whopping 100.2% in the last 24 hours. It is followed by Kitty Coin Solana which saw a 24.5% jump in its token price.

At the same time, Solana Daily was released data Regarding the best Solana tokens among its holders. Currently, KIN remains the most held token distributed among 6.74 million holders. It is followed by Gary, which is owned by 1.88 million investors. They are followed by the GST and GMT codes based on the Solana game.

The Solana community will be happy to see old faces pop up as the best dApps on Solana at the moment. Solana Daily Claims That Gameta is again the best dApp based on Solana with more than 56.44 thousand daily users.

It is followed by the notable NFT markets Magic Eden and OpenSea with 28.8 thousand and 4.7 thousand daily users respectively.

Where does SOL leave?

This development is more visible on Solana’s network in the Development Activity Barometer. Santiment shows that the network is showing signs of steady movement but has recently decreased slightly.

This leaves the gauge of development activity at 9.24 at press time and is not expected to rise until a steady recovery in the market.

Source: feeling

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