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Solana Sees Surge in New Contracts, Despite Decrease in NFT Trading Volume and TVL

June 18 (Cointime) - Solana's growing adoption and utilization is reflected in the surge of new contracts deployed on the network. However, the DeFi sector has not seen equivalent growth, with a decline in Total Value Locked and volumes of decentralized exchanges on Solana.

The NFT trading volume has also decreased, potentially due to negative sentiment surrounding Solana in the crypto community, but stakers have continued to show interest in SOL. Despite facing challenges such as network outages and prominent NFTs bridging to other networks, Solana has demonstrated resilience and attracted a significant number of users to its platform.

Solana Solana $237.76
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