Even registering a notable retraction in its price amid the recent market crash, in which most crypto assets are trading in the red, Solana (SOL) is still attracting attention in the market, surpassing Bitcoin (BTC) and Ethereum (ETH) in an important metric.
Recently, Solana managed to surpass the Bitcoin and Ethereum blockchains in the non-fungible token sector (NFT). According to data released in a recent survey, Solana is registering the highest number of NFT traders, totaling 488.000.
According to the survey shared by the account on X focused on cryptocurrencies, with the pseudonym “Análise Coin”, the total number of NFT transactions registered on blockchain Solana totaled 6,2 million.
“Solana maintains its leadership position with the highest number of traders and unique NFT transactions last month: – Total NFT Traders: 488 thousand – Total NFT transactions: 6,2 million,” the platform wrote.
According to the survey, behind Solana, the Bitcoin network appears, with 198 thousand NFT Traders and 0,9 million transactions. Aptos appears in third, with 195 thousand traders and 0,7 million transactions. Ethereum appears next, registering a total of 100 thousand NFT Traders and 0,3 million transactions on the network.
#fading maintains its leading position with the highest number of unique #NFT traders and transactions in the past month:
– Total NFT Traders: 488K
– Total NFT Transactions: 6.2M$ SOL #sol pic.twitter.com/wFac64CRVC— Coin98 Analytics (@Coin98Analytics) April 12, 2024
At the time of publication, the solana price it was quoted at US$150,28, down 10.4% in the last 24 hours.
Solana (SOL) Prepares for Recovery After Congestion Challenges
Last week, the blockchain Solana faced serious congestion challenges that led to a transaction failure rate exceeding 75%. The situation resulted in a 7,8% drop in the price of its cryptocurrency, SOL, generating concerns among users about the stability of the network. However, industry analysts are optimistic about an imminent recovery in the token's value.
Bluntz, a renowned cryptocurrency analyst, suggests that Solana may have already reached its lowest point during the recent crisis. According to him, the SOL price would likely reach $160 before starting a recovery. With the token trading around $184 at that time, the prediction of a C wave was still pending confirmation.
