Solana [SOL] It outperforms its competitors in this field

  • 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.

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.

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.

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