• The Solana protocol witnessed improvements in terms of activity as interest in NFTs increased.
• SOL’s price went up, but volatility surged as well.

 Solana [SOL] has experienced a large number of network downtimes in the past. These outages led to a decline in the sentiment towards the protocol and its token.

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Despite these factors, the activity on the Solana network stayed high. According to data from 28 April, Solana managed to keep up with Polygon, the Ethereum mainnet, and Arbitrum in terms of daily activity.

The spike in activity could be attributed to the interest in the platform’s NFTs.  Blue chip collections on the network, such as y00ts, DeGods, and Solana Monkey Business, contributed greatly to the NFT success.

According to solana floor’s data, the overall volume of the blue-chip index on the Solana protocol increased materially over the last month.

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Author: Himalay Patel

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