DappRadar: ‘So, is Solana dead? Doesn’t look like it, right?’

Renewed Activity on Solana in 2023

DappRadar examined the statistics on activity on the Solana blockchain, concluding that the rumors of the network’s demise may have been greatly exaggerated.

The Twitter thread by DappRadar Head of Content @Nederob contains highlights including:

• Unique Active Wallets on Raydium DEX increased by 379% in seven days
• Similarly, UAW on Orca DEX rose 84%, Saber DEX 77% and Magic Eden 13%
• Average prices for Non-Fungible Token (NFT) collections increased -- Solana Monkey Business (42%), Taiyo Robotics (87%) and Galactic Gecko Space Garage (45%)
• Solana games like Star Atlas, ev.io and Aurory are still developing
• The Solana mobile phone Saga DVT-1 is coming soon

@Nederob concluded:

“So, is Solana dead? Doesn’t look like it, right? But there are still bumps in the road. Keep building! 📷”

What is Solana:

Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.

Learn more about Solana:

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