Solana Sees Rising Social Hype, Yet Network Activity Is Falling
Data shows social media sentiment around Solana has been rising recently, but network utility has actually followed the opposite path. Solana Active Addresses Have Been On The Decline In a new post on X, analytics firm Santiment has talked about how a couple of key metrics related to Solana have changed recently. The indicators in question are the Positive/Negative Sentiment and Daily Active Addresses. Related Reading: Bitcoin Breaks $80,000, But On-Chain Activity Signals A Silent Warning First, the Positive/Negative Sentiment compares the bullish and bearish sentiments related to a given....
Related News
Ethereum and Solana are currently leading developer activity in the crypto space, while developer activity in the broader ecosystem declines. This comes as prices continue to struggle with the ongoing war between the U.S. and Iran, which is sparking rising oil prices. Ethereum And Solana Lead Developer Activity Amid Broad Decline Artemis data show that […]
After a period of heightened performance and adoption, the Solana network is starting to witness a slowdown in users’ activity and interest. A report has emerged showing that the active wallet addresses on the SOL network have fallen sharply, raising questions about its impact on prices. A Steep Decline In Solana’s Active Wallet Addresses Currently, […]
In the last few days, Solana has experienced a steady upward trend, drawing dangerously close to the $230 price mark as activity on the blockchain heats up. With Solana gaining serious ground and on-chain activity rising rapidly, Mike Novogratz has endorsed the blockchain, claiming that its design sets it apart for financial market dominance. Solana […]
Tracking the hype and price action of several of your favorite cryptocurrencies. Crypto fans love to defend their favorite assets. Just look at the XRP army and the LINK Marines. Does the hype expressed on Twitter match up with high trading activity though? A few altcoins throughout 2020 revealed mixed results. Using information from The Tie, a crypto data platform, Cointelegraph looked at assets’ Hype-To-Activity Ratios matched against their prices.“Hype-To-Activity Ratio measures the number of tweets a particular coin has per each $1M in reported trading volume of that coin,” Joshua....
The leading Solana blockchain is experiencing a notable uptick in on-chain activity alongside its remarkable increase in price to the $234 mark in the past few weeks. In the midst of the ongoing spike in on-chain activity, a massive supply of stablecoins has been observed on the blockchain. Rapid Stablecoin Expansion on The Solana Blockchain […]