This Altcoin Started 2024 Strong: Attracting Attention in the Crypto World with Its Performance!

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Popular altcoin according to data solana its network is heading strong into 2024, with an average of 40.7 million user transactions per day. According to a newly released Messari study, Solana has a market cap (423%), average daily payers (102%), DeFi TVL (303%), average daily DEX volume (961%), and average daily NFT volume (359%). quarterly growth in many measures in the last quarter, including continued.

Messari’s recent State of Solana Q4,2023 report highlights increased on-chain activity. In the fourth quarter, there were an average of 40.7 million daily nonvoting transactions (up 65% from the previous quarter) and 190,000 daily ratepayers, up 102% over the same time period.

Network activity, measured by non-voting transactions and ratepayers, has increased in line with the price of SOL. SOL, with a market value of $43.8 billion, grew by 423% on a quarterly basis and 1,106% on an annual basis in the 4th quarter ending in 2023. crypto- became one of the leaders of the market increase. SOL ranked fifth among all cryptocurrencies in the 4th quarter, surpassing ADA, USDC and XRP in market value.

Koinfinans.com For most of 2023, daily rate payers ranged from 80,000 to 100,000, as we reported. Average daily NFT volume increased 356% last quarter, reaching $4.8 million. Solana’s market share in NFT volume, Bitcoin When subtracted, it increased from 9% to 26% compared to the previous quarter.

The Solana developer ecosystem is expanding in the same way. The developer ecosystem has made significant progress in tools, developer experience, content quality and programming language diversity throughout 2023.

The Solana developer community currently has over 2,500 monthly active developers in open source repositories, a growing number of professional developers joining the ecosystem, and a growing development environment. Although the Solana ecosystem is still in its early stages (mainnet beta went live in March 2020), its developer ecology has become the second largest ecosystem in terms of total monthly active developers.


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