- The number of transactions occurring on the Solana network surged materially.
- Sentiment around the Solana network declined.
Solana [SOL] has been seeing a surge in activity on its network since the beginning of the year. Due to this, its network saw a massive uptick in overall transactions occurring.
Activity on the Solana network
Solana is experiencing a resurgence in activity after a period of stagnancy. Transaction volume exploded, with the 7-day average of non-voting transactions reaching a two-year high of 38.37 million.
Daily transactions have consistently hovered near 40 million since June began, indicating a significant increase in network usage. This surge in activity is accompanied by a growing user base.
Source: X
On the 12th of June, Solana witnessed its third-highest day ever in terms of active accounts, with over 1.23 million unique wallets interacting with the network.
Moreover, the DeFi sector on Solana was also observed to be thriving. Data from Dune Analytics reveals that the weekly number of traders on Solana-based DEXs reached a record high of 3 million earlier in June.
Source: Dune
Despite a slight dip from its May peak, the total value locked (TVL) on the Solana DeFi projects remained comfortably above $4 billion, according to data provided by DefiLlama.
This indicated continued investor confidence in the Solana DeFi space.
Raydium, the largest DEX on Solana, continued to be a dominant player, holding roughly two-thirds of TVL and trading volume amongst all Solana DEXes.
Source: DeFi Llama
Social activity declined
Even though the usage of the Solana network was on the rise, there were some problems being faced by the network on the social front.
AMBCrypto’s analysis of Santiment’s data revealed that Social Volume around Solana had fallen materially over the last few days.
Coupled with that, Weighted Sentiment had also declined, implying that the number of negative comments around Solana had increased compared to the positive ones.
Is your portfolio green? Check out the SOL Profit Calculator
This waning interest in Solana on social platforms could hinder the potential growth of the Solana network in the long run. At press time, SOL was trading at $137.54 and its price had fallen by 8.70% over the last week.
The volume at which it was trading at had also declined by 28% during this period.
Source: Santiment
- The number of transactions occurring on the Solana network surged materially.
- Sentiment around the Solana network declined.
Solana [SOL] has been seeing a surge in activity on its network since the beginning of the year. Due to this, its network saw a massive uptick in overall transactions occurring.
Activity on the Solana network
Solana is experiencing a resurgence in activity after a period of stagnancy. Transaction volume exploded, with the 7-day average of non-voting transactions reaching a two-year high of 38.37 million.
Daily transactions have consistently hovered near 40 million since June began, indicating a significant increase in network usage. This surge in activity is accompanied by a growing user base.
Source: X
On the 12th of June, Solana witnessed its third-highest day ever in terms of active accounts, with over 1.23 million unique wallets interacting with the network.
Moreover, the DeFi sector on Solana was also observed to be thriving. Data from Dune Analytics reveals that the weekly number of traders on Solana-based DEXs reached a record high of 3 million earlier in June.
Source: Dune
Despite a slight dip from its May peak, the total value locked (TVL) on the Solana DeFi projects remained comfortably above $4 billion, according to data provided by DefiLlama.
This indicated continued investor confidence in the Solana DeFi space.
Raydium, the largest DEX on Solana, continued to be a dominant player, holding roughly two-thirds of TVL and trading volume amongst all Solana DEXes.
Source: DeFi Llama
Social activity declined
Even though the usage of the Solana network was on the rise, there were some problems being faced by the network on the social front.
AMBCrypto’s analysis of Santiment’s data revealed that Social Volume around Solana had fallen materially over the last few days.
Coupled with that, Weighted Sentiment had also declined, implying that the number of negative comments around Solana had increased compared to the positive ones.
Is your portfolio green? Check out the SOL Profit Calculator
This waning interest in Solana on social platforms could hinder the potential growth of the Solana network in the long run. At press time, SOL was trading at $137.54 and its price had fallen by 8.70% over the last week.
The volume at which it was trading at had also declined by 28% during this period.
Source: Santiment
how to buy generic clomid without dr prescription how to buy clomid how can i get generic clomiphene no prescription clomiphene for low testosterone clomid or nolvadex for pct cost clomid without a prescription where buy clomid
This website exceedingly has all of the tidings and facts I needed adjacent to this subject and didn’t comprehend who to ask.
More articles like this would frame the blogosphere richer.
zithromax 500mg without prescription – buy ciprofloxacin 500mg sale flagyl 200mg tablet
order rybelsus pills – purchase periactin sale cyproheptadine cheap
motilium 10mg sale – order cyclobenzaprine generic flexeril medication
amoxicillin order – amoxil without prescription buy generic combivent over the counter
buy augmentin online – atbioinfo buy generic ampicillin
generic nexium 40mg – https://anexamate.com/ buy esomeprazole sale
buy coumadin – blood thinner losartan order
buy generic mobic online – https://moboxsin.com/ meloxicam 7.5mg cost
prednisone 20mg drug – corticosteroid prednisone canada
best natural ed pills – https://fastedtotake.com/ best erection pills
amoxil over the counter – comba moxi buy amoxil online cheap
order fluconazole online cheap – site order generic fluconazole 200mg
buy cenforce – https://cenforcers.com/# cenforce 100mg ca
cialis recommended dosage – https://ciltadgn.com/# difference between sildenafil tadalafil and vardenafil
zantac drug – site buy generic ranitidine 150mg
cialis online no prescription australia – https://strongtadafl.com/# cialis dapoxetine australia
The vividness in this ruined is exceptional. click
viagra buy no prescription canada – sildenafil 100mg tablet buy viagra queensland
This website really has all of the bumf and facts I needed about this participant and didn’t know who to ask. buy neurontin 800mg
More posts like this would bring about the blogosphere more useful. https://ursxdol.com/synthroid-available-online/
This is the kind of writing I positively appreciate. https://prohnrg.com/product/diltiazem-online/
The thoroughness in this section is noteworthy. stromectol dose poids
Good blog you possess here.. It’s intricate to on elevated status belles-lettres like yours these days. I justifiably appreciate individuals like you! Take vigilance!! https://ondactone.com/product/domperidone/
Greetings! Utter useful par‘nesis within this article! It’s the crumb changes which liking make the largest changes. Thanks a a quantity in the direction of sharing!
https://doxycyclinege.com/pro/spironolactone/
Thanks on putting this up. It’s well done. http://bbs.dubu.cn/home.php?mod=space&uid=395573
buy forxiga without prescription – https://janozin.com/ buy forxiga 10 mg without prescription
order orlistat – https://asacostat.com/ xenical 120mg cheap