Crypto: 46% Increase In DApps On Solana In One Week!

Solana seems to be in the spotlight again, as the volumes of its decentralized applications (DApps) have surged by 46% in just one week. In a market where projects sometimes struggle to maintain their momentum, this performance could well signal a new dynamic for the network, especially for its native crypto, SOL. At a time when the altcoin sector is experiencing a general correction, Solana stands out for its resilience, advanced technology, and growing adoption.

A Surge in Volumes on Solana’s DApps

During the last week of September, Solana saw the volume of its DApps increase dramatically by 46%. This figure is significant, as major competitors, such as Ethereum and Binance Smart Chain (BSC), did not experience such increases during this period. Ethereum, for instance, only saw its DApp volumes grow by 12%, while the BNB Chain remained stable. Solana’s remarkable performance is notably driven by certain applications like Marinade Finance, which recorded a 66% growth, and Pump.fun, with a 93% increase in one week. Furthermore, the number of active addresses on Solana also increased by 13%, a key indicator of the network’s growing adoption.

Additionally, Solana stands out for its ability to attract innovative projects and maintain extremely low transaction fees. While transactions on Ethereum can cost an average of $2.50, those on Solana are only $0.02, offering a clear competitive advantage. This factor has played a decisive role in increasing network activity, particularly for users who wish to avoid the complexity and additional costs of second-layer solutions on Ethereum. Despite a 9% correction in the price of SOL over two days after peaking at $161.80, these elements indicate solid fundamental support.

A Dynamic Boosted by Gaming and Mobile Initiatives

Solana has not only seen an increase in its DApp volumes but has also strengthened its positioning through strategic initiatives in the gaming and mobile application sectors. The Gameshift project, announced in collaboration with Google Cloud, offers game developers a comprehensive API to integrate digital assets and NFTs into their creations. This partnership could make Solana a preferred platform for Web3 game development, a rapidly growing sector.

Meanwhile, the upcoming release of the Seeker smartphone, supported by Solana Labs and priced under $499, promises to attract new users with its enhanced DApp store and features specifically designed for the decentralized ecosystem.

These technological developments provide Solana with additional growth potential, particularly in terms of institutional adoption and the creation of new mainstream applications. Moreover, the VanEck report published on September 25, 2024, predicts a potential 120% increase in the price of SOL. This report highlights Solana’s scalability and its competitive advantage over Ethereum’s second-layer solutions. The network continues to leverage its ability to scale rapidly, which could lead to increased demand for SOL in the coming months.

The surge in DApp volumes and strategic initiatives in gaming and mobile applications position Solana as an increasingly influential player in the crypto ecosystem. While the price of SOL experienced a slight correction, the outlook remains positive, with a possibility of rising to $180. Although prospects for Solana are positive, it will be crucial to monitor the overall crypto market’s evolution and Solana’s ability to maintain its competitive advantage over other rival networks like Ethereum.