Solana’s FTX issues failed to affect the growth of this SOL segment, but that’s enough

  • Solana is affected by the FTX debacle; Sollet wrapped tokens are also affected
  • Solana’s Project Serum is broken down; However, the community continues to show interest in Solana’s NFTs

One of the major cryptocurrencies affected by the FTX disaster was Solana [SOL]. Factors such as Project Serum and Sollet wraps played a significant role in increasing Solana’s vulnerability to FTX breakdown.

Read Solanas [SOL] predict the price 2023-2024

Solana’s Total Value Locked (TVL) is depreciated by 30% After the FTX story unfolds. One of the reasons for the research and development was around Solana Project serumThe A centralized order book on the backend for almost every part of the Solana DeFi ecosystem other than AMM. An unknown entity has kept the upgrade keys for Project Serum on FTX, causing panic among the SOL community.

Fortunately, changes were made quickly. Project Serum has been broken down and the chances of a breakout have been reduced.

another side of Solana Affected were the Sollet wrapped tokens. As shown in the image below, soBTC, which was supposed to be pegged to BTC, has been disconnected over the past few days. This was due to FTX/Alameda issuing Sollet-coated assets, and when news of FTX’s failure got out, soBTC was negatively affected.

Other Sollet-based assets, such as soETH, have faced similar issues.

Source: Messari

Despite the research and development around SOL…

the origin It has continued to grow in the NFT space.

According to the image below, the price of Solana’s blue chip NFT has seen a significant increase over the past few weeks. This may indicate that people from the crypto community are still showing interest in large Solana NFTs.

The total trading volume of Solana NFT has also seen a significant increase. According to information from Solana floorSince November 1, Solana NFT trading volume has increased from 183,000 to 66,000 at the time of writing.


anyways, SolarThe monks did not lose We believe in Solana. As seen in the image below, the number of players has increased by 0.15% and stands at 576,000 at the time of publication.

Source: Staking Rewards

SOL was trading at $12.87 at the time of writing. Its price had decreased by 5.83% during the past 24 hours, while its volume decreased by 45.56% in the same time period, according to CoinMarketCap.

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