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Solana’s NFT Ecosystem Shines Bright but Metrics Struggle

Solana [SOL] developers have been stepping up their game for a while now with several new updates and integrations that help increase the capabilities and offerings of the network.

Furthermore, Helius, a developer platform exclusively for Solana, launched NFT collection webhooks. With this, users can set up a webhook for their NFT collection effortlessly.

Apart from this launch, growth was also noted in Solana’s NFT ecosystem. Though these updates looked optimistic for SOL, its on-chain performance during the last week was not up to par. SOL lost its spot on the list of the top 10 cryptos in terms of market capitalization.

Its volume also decreased in the last few days, which was a negative signal. Moreover, positive sentiments around SOL also went down, suggesting less faith among investors in the token.

(By Suzuki Shillsalot)

Solana Solana $250.76
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