Solana Network is growing in several areas: Beginning to transform for SOL

  • Solana’s NFT ecosystem has been growing in recent weeks.
  • The stats seemed positive, along with an increase in Solana’s TVL.

On January 22nd Solana [SOL] It is back in the top 10 club again after several difficult weeks of falling prices. Growth has been seen in a few areas, such as market capitalization and the NFT ecosystem. For example, Solana Mobile recently introduced its new Saga Pass cards, which can help increase Solana’s NFT space.

Read Solanas [SOL] predict the price 2023-24

What’s up with Solana NFT?

In the official announcement, Solana Mobile stated that every week they will be introducing new cards in rotation. The first card will only be available to OG Saga Pass holders, and each week prior to launch, Solana Mobile will distribute a random card to the user’s wallet.

In addition, SOL also revealed that the Saga Pass deck will be validated soon on MagicEden. interesting, SolarIts commendable performance in the NFT space was proven again a few days ago, as it ranked second existing Among the top chains by NFT trading volume over the past 30 days.

Santiment’s data also told a similar story as total SOL NFT trading and total USD NFT trading volume rose last week.

Source: feeling

Realistic or not, here it is The market cap of SOL in terms of BTC

Look at SOL

Solana’s price action follows the growth of its NFT ecosystem, with the former gaining nearly 5% over the past seven days. to me CoinMarketCapAt the time of this writing, Solar It trades at $24.68 with a market capitalization of over $9.1 billion. Also, @DeFiLlama data He revealed that the overall value of the locked network has also taken an upward momentum since the beginning of this year, which seemed promising.

Solana’s performance on the metrics front also remained in her favor over the past week. Demand from the derivatives market has increased as DyDx financing has risen. Positive sentiments around SOL have also increased in recent days, reflecting the community’s confidence in the network.

However, SOL development activity decreased sharply, which was a negative signal.

Source: feeling

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