A new report from Messari revealed that leading open-source blockchain Solana [SOL] saw growth and some corresponding declines in Q3.
Although user activity measured in non-vote transactions and fee payers declined on Solana in Q3, it recorded significant growth in other aspects.Solana’s Price Prediction 2023-24
This resulted in a 34% dip in SOL’s price in June. However, towards the end of the month, the coin rebounded “and carried that momentum into Q3.” The blockchain’s decentralized finance vertical also experienced growth during the quarter under review. Closing Q3 with a total value locked of $368 million, Solana saw a 32% increase in the value of assets held within the DeFi protocols housed within it.
The average daily count of non-vote transactions completed on Solana within the 90-day period in consideration totaled 25 million. This represented a 25.3% decline from the 33.1 million recorded in Q2.
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