The Solana ecosystem has managed to attract attention with its dynamic <a href="https://en.bitcoinhaber.net/blur-nft-market-distributes-146-million-worth-of-tokens-in-massive-airdrop”>NFT collections. However, following the FTX scandal last year, many important NFT collections on Solana migrated to other protocols, resulting in a decrease in interest in SOL.
In recent weeks, interest in Solana seems to have revived. This increased interest has supported the growth of NFT volume on Solana, but as of today, the current price is approximately 50% below the peak experienced three days ago.
The volume of leading NFT projects on Solana has increased during this period. In the past seven days, many Solana projects have seen an increase in their base prices. The revival of high-value transactions in the Solana NFT market contributes to the recovery of the ecosystem.
However, there has been a decrease in the daily active address count in Solana. Additionally, there is a decrease in daily transaction count. The increase in NFTs can incentivize network activity.
These positive developments in the Solana ecosystem have also led to an increase in developer activities. According to recent data, more developers are participating in the SolDev developer program, and visits have increased by 50% compared to two months ago. Furthermore, the weekly unique user count of the Solana StackExchange platform has almost doubled and shown a 90% increase. Visits to Solana’s documentation have also increased by 50% to 100%, indicating growing interest and interaction within the developer community.