Solana’s new upgrade garnered attention to its network. NFT interest and number of stakers declined. As Solana’s [SOL] integration with Helium [HNT] inched closer, the hype around both protocols increased. However, the attention being garnered by this event may not be all positive, and here’s why. The Helium Network will migrate to the Solana blockchain […]
Due to Solana’s social media activity, the number of social mentions for the network increased by 16.8% in the last week, according to LunarCrush.
However, despite its best efforts, the overall sentiment against Solana remained negative, as evidenced by the declining weighted sentiment.This negative sentiment impacted Solana’s NFT markets as well. According to data provided by Dune Analytics, the traffic on a majority of Solana’s NFT marketplaces had declined.
The NFT market was one of the few sectors that continued to grow despite Solana’s difficulties last year. However, the tides have changed direction. If the negative trend continues, it may impact Solana adversely. Many blue chip NFTs associated with Solana will also become
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