SOL falls by 10%, but here’s how Solana is still beating Bitcoin, Ethereum

has been gaining massive popularity over the last few days. Despite recording a surge in price over this period though, it remains far behindAnd yet, Solana outperformed both these networks in the NFT sector. In fact, recent data indicated that Solana had the highest number of NFT traders, amounting to 488,000. Moreover, the number of total NFT transactions occurring on the Solana network was also extremely high and added up to 6.2 million.

Crypto’s analysis of Token Terminal’s data revealed that the number of active users on Solana has grown by 27.9% over the past month.Solana protocol’s positive performance coincided with the positive price movement of SOL too. Over the past month, the price of SOL grew by 12.16%. However, following a major surge in price, SOL started moving sideways after 15 March. It traded between $210 and $161 during this period.At the time of writing, however, SOL had fallen to $154 on the price charts.

Crypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates. He is a fan of gonzo journalism, transgressive fiction, heavy metal, and Manchester United.Subscribe to get it daily in your inbox.

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