One of the largest smart contract networks Solana (LEFT), continues to add popularity to its popularity.
After rallying 80% in March, the price of SOL actually peaked in recent times, reaching as high as $143.50 on April 2nd.
An area in the Solana network is advancing unscathed, although the positive performance is impaired by the continuation of a sharp decline.
NFTs Sustain Even as SOL Price Drops
SOL price lost 19% on the 7-day chart and for $110 regression occurred. Despite this sharp loss in the price of SOL, especially NFT markets continue to rise without being affected by the situation.
If the fuse that ignites it Coinbase Wallet‘s announcement was made. Coinbase’s own wallet has announced that it will support SOL and other Solana network-based tokens, namely NFTs.
After the announcement on March 18 OpenSea’The support of Solana network continued the rally.
Solana’s NFT ecosystem is now almost as large and recognizable as the Ethereum ecosystem.
The number of NFTs in the Solana network is constantly increasing, but the number of dApps is decreasing.
While the number of dApps on the Solana network fell in a short time, the total value of TVL, or locked tokens, also declined.
TVL, which saw $ 60 million, fell to $ 50 million in a short time. This means dApps on the Solana network in 3 weeks. 30% drop It shows you’re alive. terra and Phantom Meanwhile, TVL continued to increase.
Despite this, SOL is increasing its market share especially in NFTs and continues to attract attention.