Could these Solana updates attract creators and make SOL rise

  • Solana announced the contents of her dApp store on her Saga Phone.
  • Metaplex has also announced mechanisms to help NFT pools maintain royalties.

Solana [SOL] It recovered from the FTX incident, causing the price to drop dramatically. The latest updates from the network and the projects on it show that it is still active, despite the recent rise in fortunes. Could these changes affect the network or SOL in any way?


Read Solanas [SOL] Price forecast 2023-2024


dAppstore Saga

Sol Mobile will soon release the new innovative Saga phone by Solana. On January 24, the Sol Mobile handle was announced, detailing the final accessories that will be included with the Saga Phone at launch.

The company claimed that there will be a “dApp store” pre-installed on the phone. In the original plan, the dApp store will be a central location where users can access all decentralized applications of the Solana network.

Solana mobile indicated no opposition and development fees. With this latest release, Solana can offer an open welcome to network developers and creators. This means that the store can become a great hangout for developers and creators, which, assuming it grows, can increase network traffic.

Metaplex to keep royalties

In addition, another project of the Solana Network, called Metaplex, recently submitted an advertisement to the creator. Metaplex has implemented a mechanism that allows NFT sets to be upgraded to programmable NFTs or pNFTs.

Allowing creators to charge royalties for their collections is the rationale behind pNFT. The project announced the stable deployment of the program in Deevnet, which is expected to hit the Mainnet on January 25th.

The TVL and NFT account is still modest

Despite Solana’s best features and those of the projects on it, she didn’t make a lasting impression on Total Value Locked (TVL). According to information from DefiLlama, Solana’s TVL net worth is $269.76 million at the time of writing. The figure also illustrated the recent decline in TVL.

The total number of USD NFTs was also modest. The cumulative figure was less than $1 million as of this writing. In addition, the bill failed to reach the $2 million mark in the past three months.

Source: feeling

Slightly lower but SOL is still bullish

SOL is trading at around $24 at the time of writing. It lost more than 6% of its value in the previous trading period, as seen on the daily timetable. However, it has regained most of the loss as, at the time of writing, it has gained more than 5%.

Solana (SOL) price action

Source: TradingView


Realistic or not, this is the market cap of SOL in terms of BTC


The RSI showed that Solana also experienced an upward movement. The RSI line showed a strong bullish trend and was just below 70.

According to the latest changes on Solana network, it is trying to attract more producers and developers, which could be crucial in attracting more users. Key metrics may decline in the short term, but if key products and services are successfully implemented, they may increase and make SOL a more desirable investment.

Leave a Reply

Your email address will not be published. Required fields are marked *