This significant achievement showcased that Solana’s growing popularity wasn’t only caused by meme coins on the network, and that NFTs had a great role to play as well.Solana’s performance not only solidifies its position as a formidable competitor but also reinforces investor confidence in its long-term potential.
However, there was a slight decline in active users on the network, signaling potential challenges in user retention for the Solana network. Furthermore, the overall number of core developers on the network has also seen a decline, raising questions about the platform’s ability to sustain its momentum in the long run.
But SOL remained resilient, trading at $153.27 at the time of writing, with a 2.12% increase in trading volume observed in the last 24 hours.
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