By the end of 2021, as NFTs gained popularity, the Solana network emerged as the best alternative for small and medium-sized investors. Investors who were used to buying NFTs at Ethereum‘s transaction fee cost and selling them for high profits saw their gains turn into losses with the FTX crash. While some collections moved to rival networks, the Solana network still shows signs of life. Solana (SOL) and NFTs The Solana ecosystem has faced multiple blows since the beginning of the year. We have seen many popular collections, especially the y00ts, move to rival networks. Some even demanded mandatory donations from the Solana Foundation. However, in the past few months, SOL has launched several new features that have the potential to turn the tide in favor of the blockchain. As this happened, SOL bulls entered the market strongly, and the token price increased by double-digit percentages last week. Data from […]
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