Solana’s NFT trade count and trade volume in USD both spiked in the last seven days.
A recent Messari analysis revealed that one of the main reasons for Solana’s lackluster TVL performance was its focus on consumer applications. Its focus has been shifting away from DeFi protocols and this may explain why its TVL has been on the decline.
A likely rebound from the range lows could set Polygon [MATIC] to reverse recent losses and retest $0.95. But the trend reversal depends on BTC.
Bitcoin’s sharp growth amidst the banking crisis of U.S. has reinforced the king coin’s long-supported narrative of being a safe-haven asset.
