- Despite the prevailing bear market, Solana showed growth in active addresses and the number of transactions
- Its performance in the DeFi sector has not been satisfactory
Solana [SOL] He didn’t have the best year. It received continued negative attention, thanks to the network outage and Solana’s alleged exposure to FTX. But despite the research and development surrounding the Solana, it has outperformed its competitors in a few areas.
Read Solana price prediction 2022-2023
Sol: Beyond the Redeemer
The number of transactions on the Solana network has remained steady at 19.9 million at the time of writing. In this respect, Solana has successfully rivaled Ethereum and Polygon.
Solar It also beats cryptocurrencies like NEAR and AVAX in terms of daily active addresses. Additionally, Solana is at the time of writing 340 k daily active users on the network. However, it cannot compete with Ethereum and Polygon i in terms of daily activity.
Daily active addresses vs top L1s:
Solana comes in at number three, which is an interesting trend.
NFT trading behavior may lend itself to less daily activity, unlike heavy DeFi chains.
Anyway, respect the polygon to create the user’s daily habits. š¤ pic.twitter.com/YkvZ3pG7tH
– Bill Kingā¢ļø (BillKingTM) November 26, 2022
Solana has also failed to grow in the DeFi space, as TVL has fallen sharply in recent months.
At the time of writing, the total value locked up on Solana is $865.14 million. Ethereum, Avalanche, and Polygon get over it Solana is in this category.
Solana TVL:
It’s not good to see TVL go down so quickly, especially as DeFi competition heats up. TVL can be cliche, but it is possible @tweet It will attract some of this TVL in the 12-16 months as DeFi users look for higher frequency opportunities.
Time will tell. pic.twitter.com/TCNttRaIx7
– Bill Kingā¢ļø (BillKingTM) November 26, 2022
Banking on leading chips
In addition, Solana’s NFT space has shown sufficient growth during the yearAnd premium NFTs perform very well.
As shown in the image below, Solana’s Blue Chip Index has been rising in the past month. In addition, profAccording to the information you provided solana floor, Solana’s NFT volume increased from 83k to 143k in the last 30 days.
Source: Solana Flor
From the image below, it is clear that the number of bets on Solanas The network has increased significantly in recent days. At the time of publication, there are 577,155 actors on the network.
Source: Staking Rewards
It remains to be seen if Solana will be able to develop positive sentiment in the minds of investors despite all the research and development surrounding her.
However, at the time of writing, SOL is trading at $14.24. According to the report, its price has fallen by 3.55% over the past 24 hours CoinMarketCap.