Solana [SOL] witnessed a year-long summer in its NFT ecosystem as the blockchain outperformed its competitors like ETH and BTC
witnessed a year-long summer in its NFT ecosystem as the blockchain outperformed its competitors. However, Solana’s NFT metrics started to decline in the past month. Meanwhile, the token’s price action also turned bearish.While SOL’s number of users grew by 33% in the past 365 days, MATIC, BTC, and ETH’s users grew by 29%, 10%, and 21%, respectively.revealed that MadLads, Frogana, and Sharx by sharky.
The decline in price also took a toll on the token’s social metrics. SOL’s social volume declined over the past month, reflecting a decrease in its popularity in the crypto space.
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