The Solana ecosystem has been showing promising results over the past few days. According to CoinMarketCap data, the SOL token is up 9.40% in the last 24 hours. The general recovery of cryptocurrencies facilitated this since mid-July.
The rapid development of the Solana ecosystem is due to the growth of activity and other tokens. GMT, owned by Stepn, was the most traded token on Solana with a turnover of $248.04 million, followed by the SRM token with a turnover of $102.99 million.
Recently, there has also been an increase in active addresses in Solana-based decentralized applications. The Gameta platform ranked first with over 50.11 thousand users. It is followed by the Magic Eden marketplace, with more than 30.22 thousand users.
The top-selling NFT collections in the last 24 hours were Genesis Genopets Habitats, which recorded the highest sales since yesterday with over $183,539, and Okay Bears with $142,964 in daily sales. They are followed by Mischievous Maxi, Dust Mines, and Infected Mob.
Despite this, total NFT sales on the Solana network have fallen by 25% over the past seven days.
Experts say that as the cryptocurrency market begins to recover, Solana has every chance to expand its usefulness in all areas further.
