- Solana’s transaction charges declined together with its improvement exercise
- Solana misplaced curiosity from stakers as nicely
Solana’s transaction charges declined over the previous yr, in accordance with new information by token terminal. Reportedly, after the FTX collapse, $946.66k was collected in charges over the previous 30 days. Out of this, $473.33k was paid to SOL stakers, a quantity that declined by 41.3% over the past yr.
This decline in income may thus have a unfavourable influence on SOL.
Because of the FTX/Alameda Crash, Solana transaction charges have been $946.66k over the previous 30 days, of which $473.33k was paid to SOL stakers, down 41.43% year-over-year.https://t.co/XLitGsNLMp
— Wu Blockchain (@WuBlockchain) December 3, 2022
Learn Solana’s [SOL] Value Prediction 2023-2024
So much at “stake”
Based on Staking Rewards, the variety of stakers on the community fell by 0.46% within the final month. As of three December, there have been greater than 577,000 stakers on the Solana community.
Moreover, Solana‘s improvement exercise decreased significantly as well, with crypto protocols equivalent to Cosmos [ATOM], Kusama, and Uniswap [UNI] outperforming it.
Solana NFTs to the rescue
Amidst all of the chaos, Solana‘s saving grace remained its rising NFT market. From the picture given under, it may be noticed that the quantity of Solana NFTs grew considerably regardless of the bear market.
Nevertheless, the general flooring value of Solana NFTs declined. Furthermore, in accordance with Solana floor, the variety of NFT merchants fell from 16k to 1.8k within the final three months.
Solely time nicely whether or not Solana will proceed its NFT development amidst all of the exterior circumstances and FUD.
A fast look on the SOL information
Exercise on SOL‘s community declined massively, together with the community’s transaction depend. Based on information from Dune Analytics, the variety of transactions on the community decreased from 42 million to 25 million over the past 4 months.
As of three December, SOL was buying and selling at $13.57, as its value rose by 0.20% between 2 and three December. Moreover, its market cap dominance fell considerably over the past seven days, falling by 7.32%. Lastly, Solana captured 0.67% of the overall crypto market.
Nevertheless, at press time, SOL exchanged fingers at $13.45 and witnessed a 1.38% decline within the final 24 hours.