Solana Ecosystem Thrives With Major Growth In Wallet Interactions And NFT Dominance » The Merkle News

The Solana ecosystem has witnessed a remarkable surge in activity over the past 24 hours, with over 1.3 million active wallet interactions recorded.

This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s rapid expansion.

???? REPORT: Solana Ecosystem Sees Major Growth

In the past 24 hours, the @Solana ecosystem has seen a surge in activity, with over 1.3 million active wallet interactions.

➤ 36% Increase in wallet interactions.
➤ 352,000 New Wallets added in the last 7 days pic.twitter.com/uZiOU1bzsD

— SolanaFloor (@SolanaFloor) July 23, 2024

In the NFT sector, Solana continues to outperform all other chains combined in trading royalties. With a market dominance of 60%, Solana has solidified its position as a leader in the NFT space. This dominance underscores the platform’s robust infrastructure and its ability to attract NFT creators and traders alike.

???? BREAKING: @solana continues to outperform all other chains combined in trading royalties (from NFTs).

Market Dominance: 60% pic.twitter.com/fvDG5xmSv2

— SolanaFloor (@SolanaFloor) July 23, 2024

Over the past week, more than $60 million has been bridged from other chains to Solana, facilitated by platforms such as deBridgeFinance and Wormhole. This influx of funds highlights the increasing confidence in Solana’s ecosystem and its growing interoperability with other blockchain networks.

???? REPORT: Over $60 million has been bridged from other chains to @solana in the past week, facilitated by @deBridgeFinance and @wormhole. pic.twitter.com/UMIyweg9ak

— SolanaFloor (@SolanaFloor) July 22, 2024

Solana Leads The Pack With Highest Increase In Number Of New Monthly DeFi Users

According to Coin98Analytics, Solana is leading the pack with the highest increase in the number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s expanding influence in the decentralized finance (DeFi) space and its appeal to new users seeking efficient and scalable blockchain solutions.

Solana is leading the pack with the highest increases in number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains pic.twitter.com/7ffxSqV8no

— Coin98 Analytics (@Coin98Analytics) July 22, 2024

Overall, Solana’s recent growth in wallet interactions, NFT trading royalties, and new DeFi users signals a robust and thriving ecosystem. As more users and assets continue to flow into the network, Solana is well-positioned to maintain its upward trajectory and solidify its status as a leading blockchain platform.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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