In recent times, the crypto market has come under pressure. However, some tokens still maintain their popularity, and Solana is one of them. There are still some on-chain indicators that need our attention.
The Solana NFT market became active after entering May,Due to the very high production of NFT in April, the related market is expected to boom in the middle of this year。
In fact, Solana’s NFT volume reached an all-time high of $446 million.
As the market’s aversion to high-risk assets increases, the TVL of DeFi in Solana also gradually decreases.
At press time, Solana's total value was $4.22 billion, the lowest since September 2021.
Interestingly, at the beginning of this year, Solana TVL hit $11.22 billion. This means that a huge loss of more than 60% has already occurred, and the state of the market is worrying.
NFT sales and DeFi TVL expected to grow as market stabilizes, while Solana's network issues were highlighted.
It’s worth noting that Anatoly Yakovenko, Solana’s co-founder, recently came up with some suggestions for improving network congestion.
After seeing related network issues, the Solana Foundation issued a relevant update.
Anatoly Yakovenko announced the running of the V1.10.15 testnet on Twitter. he thinks,The latest Testnet can easily and significantly reduce transaction throughput issues and fundamentally improve the network。
Testnet is a triple upgrade that allows users to improve their network experience through a series of changes.
The first upgrade is a fast UDP Internet connection, which will reduce network latency.
The second upgrade is the implementation of stake-weighted trading, "which will prevent unpowered or locked bots from using up all bandwidth."
However, this upgrade is still at an "infancy" stage and "will take time to be finalized".
The original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.
The original text comes from ambcrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.
