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Sudden spike in development activities in Solana ecosystem this month: Report

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Sudden spike in development activities in Solana ecosystem this month: Report 9

Solana ecosystem saw a huge sudden pump in the development activities and hinting toward something new pump in the crypto market with Solana. 

Solana is a 9th ranked crypto asset by 24 hours trade volume. Solana protocol is known as the biggest competitor of Ethereum blockchain since last year and also replaced Cardano with its highest scalability concept of Proof-of-history. 

According to the data provided by Santiment, Solana touched the highest-ranking point with 2228.29, over all the other crypto blockchain projects in terms of highest development activities this month, which is keeping the Solana blockchain unique in this industry. 

Sudden spike in development activities in Solana ecosystem this month: Report 6

This number and small achievements for Solana blockchain are not only limited to the small achievement to grab some traction in this industry, instead, it is a number that is showing the seriousness of the project team and also other developers who are looking to go with something unique. 

Recently on 19 March, it was noted by Santiment metric data that Solana was standing at second rank in the crypto space, in terms of the highest code submissions per day in the GitHub repository. 

Sudden spike in development activities in Solana ecosystem this month: Report 7

The most negative thing that the Solana project saw was network outage because of the spam in the network due to bot trading, where the network touched the highest threshold in terms of TPS. And after some significant outages, Solana saw some downfall in the development activities than what it was showing earlier last year. 

Solana price action 

The current price of Sol is $91.11 and this price is 1.78% high over the last 24 hours. While its highest price was $92.41 and lowest was $87.5 over the last 24 hours. 

Sudden spike in development activities in Solana ecosystem this month: Report 8

Current market situations are showing that Solana is almost ready to touch $100. Recently Coinbase also announced the integration of Solana blockchain with its Coinbase wallet to provide a facility to the Coinbase wallet users to facilitate micropayments with fewer fees. 

Read also: Elrond will access market of 200 countries with MEXC Global partnership

Sudden spike in development activities in Solana ecosystem this month: Report

 

https://bitcoinik.com/sudden-spike-in-development-activities-in-solana-ecosystem-this-month-report/feed/

https://bitcoinik.com/sudden-spike-in-development-activities-in-solana-ecosystem-this-month-report/feed/

 

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