The crypto realm is now bright and sunny, so digital assets are now flourishing with nice numbers. The greener numbers now inspire faith for a bullish start to 2022, in dubious minds. Space has seen a buzz in many protocols with an increasing number of adoptions, integrations and developments.
That play an imperative role in the growth measurements of any protocol. Solana is one of those protocols that has shut down the interests of the crypto fraternity. The gargantuan spread of the distribution chain is now a benchmark for other protocols. As he left prominent ones in the dust, along with his growth measures. Solana celebrates her accomplishments in 2021, meanwhile, protocol NFTs are all the rage on public platforms.
Is Solana the new shark in Crypto Tank?
Solana has expanded into the crypto market at lightning speed, conquering adoptions, integrations, and the limelight. One of the latest updates comes from Friktion live on Solana’s main network. This is a project that helps build a successful portfolio through market cycles, while helping to start generating income. The initiative will allow users to start earning sustainable returns on SOL and BTC.
Solana celebrates its achievements in 2021 with Solstice while recalling the formidable ascent. Over the past eleven months, the network has grown from 360 global validators to 1,331. Likewise, the ecosystem has grown from 70 projects to 5,145. From no NFTs to 5 million hit. TVL went from $ 100 million to $ 1.6 billion. The price of SOL jumped 11,709.8% in one year.
Solana’s NFT domination
Solana’s importance in the NFT space has grown at a mind-boggling rate. Multiplayer game built by Solana Mini Royale Nations reached 2 million players after the launch of NFT. The game has over 600,000 monthly active users. Faraway hosted an NFT sale that saw Magic Eden make $ 1.3 million. The company had raised $ 30 million in funding. Solana Ventures has set aside $ 150 million for gaming projects.
According to sources, the NFT marketplace directory includes Magic Eden, SolanArt, Digital Eyes, Alpha Art, Exchange Art, SolSea and the FTX marketplace. The next NFT drops built on the platform are: Rare Drops, Solanalysis, Next drop, Nonfungi, NFT Calendar, Ape O’clock, Rarity Tools, among others.
Collectively, the Solana network has thrived across all sectors focused on blockchain technology. The space has seen high-profile personalities and celebrities launch their NFTs and NFT platforms built on Solana. The utility network protocol is credible for growth measurements. Hopefully Solana will be one of the flag bearers for the alternate season.