You will be mind-boggled by the recent developments on $Sol. The Solana ecosystem was shaken after the FTX debacle, but the recent events are more than impressive. Let’s look at them one by one:
1/ In August, Solana’s NFT minting volume surged to 15.6 million, breaking previous records. Solana experienced high-volume minting activity because of its low-cost compressed NFT, which is making waves.
2/ The global payment platform Visa announced the expansion of its stablecoin PYUSD settlement to Solana. This is a huge win for Solana since this partnership can pave the way for other Web2 brands to get into partnerships with Solana.
3/ There has been a net outflow when it comes to crypto assets in the past few weeks. But Solana saw inflows for the ninth consecutive week, totaling US$0.7 million. SOL had the highest net inflow of $26 million YTD in the altcoin category, reported Coinshares.