- Solana’s new update draws attention to its network.
- There has been a decline in NFT interest and the number of interested parties.
As Solana’s (SUN) integration with Helium (HNT) As they got closer, enthusiasm for both protocols grew. However, the attention the event is attracting may not be entirely positive, and here’s why.
The Helium network will migrate to the Solana blockchain on March 27. Solana’s TVL has dropped dramatically after the FTX accident. Helio has also been criticized by various media recently. The cooperation between the two parties has drawn attention.
– Wu Blockchain (@WuBlockchain) February 19, 2023
How much they cost 1,10,100 solar is worth today?
The integration, which will take place on March 27, will help both Helium and solarium grid. through various means tweets AND advertisementsSolana attempted to increase publicity around this collaboration.
Solana is generating a stir
According to LunarCrush, Solana’s social media activity has led to a 16.8% increase in the number of social mentions of the network over the past week.
Despite their best efforts, however, overall sentiment against Solana remains negative, as evidenced by declining sentiment.
nft enthusiasts leave
This negative sentiment also affected Solana’s NFT markets. According to data provided by Dune Analytics, there was a drop in traffic in most of Solana’s NFT marketplaces.
The NFT market was one of the few sectors that continued to grow despite Solana’s difficulties last year. However, the tide has turned. If the negative trend continues, it could negatively affect Solana. Many top class NFTs associated with Solana will also be created multichain nft Migrate soon or as competitors Polygon (MATIC)Which will also have a negative impact on the NFT community.
Source: Dune Analytics
realistic or not, here it is SOL market capitalization in terms of BTC
It wasn’t just NFT enthusiasts who lost interest in Solana as, according to Staking Rewards, the total number of entrants on the network decreased by 0.99%. At press time, the number of stakeholders in the network was 595,795. Additionally, at press time, Solana’s TVL stood at $268.48 million.
Source: Staking Rewards
Although the helium integration may provide a momentary boost to Solana’s position, it may take a long time to get back to the $1 billion TVL mark.
