Cardano

Solana

Read

Stellar

<ul> 
 <li>SOL surged 15.48% in a week to $23.18.</li> 
 <li>Solana ranks ninth in TVL, with a vibrant NFT scene featuring projects like Drip Haus, Mob Studios, and Dandies.</li> 
 <li>Nansen’s report outlines network upgrades, growing SVM interest, and thriving consumer apps on Solana.</li> 
</ul> 
<p>Recently, the cryptocurrency world has witnessed <a href="https://www.coingecko.com/en/coins/solana">Solana</a> (SOL) taking a meteoric rise, with its price reaching an impressive $23.18. This substantial surge, amounting to 15.48% in just a week, has sparked interest and enthusiasm among investors and enthusiasts alike.</p> 
<p>One of Solana’s notable achievements is its rise to the ninth position in the Total Value Locked (TVL) rankings, as reported by <a href="https://defillama.com/chains">DeFiLlama</a>. This accomplishment reflects the growing confidence in the Solana blockchain as more and more projects and investors flock to this high-performance ecosystem.</p> 
<p>Nevertheless, it’s not solely the financial indicators that contribute to Solana’s prominence. The blockchain has demonstrated remarkable reliability, boasting an outstanding track record of uninterrupted operation.&nbsp;</p> 
<p>To be precise, Solana has maintained continuous <a href="https://status.solana.com/uptime">uptime </a>for most of the year, encountering only a minor hiccup in February. This high level of stability holds significant importance for investors and developers, solidifying Solana’s position as a trustworthy blockchain platform.</p> 
<p>Moreover, Solana’s success extends beyond financial metrics and technical stability. The platform boasts a thriving non-fungible token (NFT) community, with exciting projects like <a href="https://drip.haus/discover">Drip Haus</a>, <a href="https://www.mobstudios.io/">Mob Studios</a>, and <a href="https://dandies.xyz/">Dandies</a> gaining popularity. These NFT projects showcase the creative potential of the Solana ecosystem and contribute to its growing appeal.</p> 
<p>Nansen’s recent report on Solana’s past, present, and future further highlights the blockchain’s success story.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today, <a href="https://twitter.com/nansen_ai?ref_src=twsrc%5Etfw">@Nansen_ai</a> released their Solana: Past, Present, and Future report.<br><br>The report highlights network upgrades like local fee markets, growing enterprise &amp; developer interest in the Solana Virtual Machine (SVM), consumer apps leveraging Solana’s tech, &amp; more.<br><br>Dive in<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4d6.png" alt="📖" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Pm7mZBXECp">https://t.co/Pm7mZBXECp</a></p>— Solana (@solana) <a href="https://twitter.com/solana/status/1710156570854862895?ref_src=twsrc%5Etfw">October 6, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The report focuses on essential aspects, including network upgrades such as local fee markets, a growing interest in the Solana Virtual Machine (SVM) by enterprises and developers, and the increasing adoption of consumer apps built on Solana’s technology.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoin-recovery-streak-falters-at-50-day-moving-average/">Bitcoin Recovery Streak Falters at 50-Day Moving Average</a></li>
 <li><a href="https://cryptonewsland.com/cz-shares-principles-helping-binance-thrive-amid-challenges/">CZ Shares Principles Helping Binance Thrive Amid Challenges</a></li>
 <li><a href="https://cryptonewsland.com/cardano-surges-past-600m-ada-tvl-and-sets-sights-on-q4-breakout/">Cardano Surges Past 600M ADA TVL and Sets Sights on Q4 Breakout</a></li>
 <li><a href="https://cryptonewsland.com/has-the-time-come-to-go-bullish-on-solanas-potential/">Has the Time Come to Go Bullish on Solana’s Potential?</a></li>
 <li><a href="https://cryptonewsland.com/friend-tech-achievements-stellar-revenue-tvl-and-sniper-bots-success/">Friend Tech Achievements: Stellar Revenue, TVL, and Sniper Bots’ Success</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/solanas-soaring-success-tvl-surge-uptime-streak-and-nft-community-boom/">Solana’s Soaring Success: TVL Surge, Uptime Streak, and NFT Community Boom</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Solana’s Soaring Success: TVL Surge, Uptime Streak, and NFT Community Boom

Crypto News Land

Other articles published on Oct 6, 2023

Burnt Receives Strategic Investment from Circle Ventures, Launches XION Testnet

1INCH Price: Can 1INCH Crypto Reach $1 Soon?

SBF trial day 3: ex-FTX CEO committed fraud, co-founder Gary Wang testifies

The Surge in Ethereum Staking Accompanied by Elevated Centralization Concerns, Warns JPMorgan

Mastermind Behind India's $24 Million Crypto Fraud Flees Country

SBF Trial Day 3: Former Business Partner Confirms SBF Allowed Alameda Research to Withdraw FTX Cu...

Join our free newsletter for daily crypto updates!