#SolanaDeFi #solanaphone #sol Solana (SOL) has exceeded 400,000 daily active addresses, surpassing Ethereum in this metric.

Weekly NFT volume has surged by an impressive 77%, reaching $45 million, with the NFT index hitting a 90-day high.

The liquidity of Solana's decentralized exchange (DEX) has experienced a significant increase, indicating a notable surge in user adoption.

Solana's price performance has stood out, boasting a remarkable 201% increase compared to Ethereum's 39% rise.

Solana's Remarkable Comeback in 2023

Following a lackluster 2022, Solana has made an extraordinary resurgence this quarter, establishing itself as a dominant force throughout October and most of December.

SOL's Correction Amid Promising Signals

Despite a recent setback with SOL falling short of the $70 mark in the medium term, indications suggest an impending rally. Early signs point to a potential resurgence for SOL.

Expanding User Base & NFT Metrics

A crucial indicator of blockchain adoption is the number of daily active addresses, where Solana significantly outperforms Ethereum with an average of around 400,000, despite Ethereum's strength in DeFi and NFTs.

Thriving NFT Ecosystem & Price Growth

The SOL network's NFT metrics depict a vibrant scene: weekly NFT volume has surged by an impressive 77% to $45 million, accompanied by an NFT index reaching a 90-day high. This growth extends to the burgeoning DEX liquidity on Solana.