Solana Ecosystem Attracts 2,500 Monthly Active Developers
The Solana (SOL) ecosystem has over 2,500 monthly active developers, according to the Solana Foundation. This shows the ecosystem’s ability to attract and retain talent.
Conflicting Data on Developer Count
While the Solana Foundation’s report showcases a strong developer base, data from Electric Capital’s Developer Report paints a different picture. Electric Capital’s data shows a decline in Solana’s developer count from its all-time high.
SOL Registers More Gains
Solana’s developer growth aligns with the surge in activity on its network and the price rally of its native token, SOL. The ecosystem experienced a remarkable 500% price rally and briefly surpassed Binance’s BNB token in market capitalization.
Solana Continues to Achieve New Milestones
Solana has achieved several significant milestones recently. It surpassed Ethereum in 7-day stablecoin trading volume and NFT trade volume for the month of December. The network also saw an increase in search trends for “Solana” compared to “Ethereum.”
Hot Take: Solana Shows Strong Developer Base Amidst Growth
The Solana ecosystem is attracting attention and demonstrating impressive growth in terms of developer activity and price performance. Despite conflicting data, Solana continues to achieve new milestones and solidify its position within the competitive landscape of blockchain technology.
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