After a turbulent 2022 due to macroeconomic trends, Solana’s earnings improved significantly in the first quarter of this year. The data suggests that the market value is up more than 118% quarter on quarter.
Solana’s network showed stable performance on QUIC, priority fees (local fee markets), and Stake-Weighted Quality of Service (QOS). In Q1, the network saw significant growth in DeFi, NFT, and GameFi
followreportAt Messari’s latest, total locked value, or TVL, in Solana in USD rose 23.5% quarter on quarter. However, TVL in SOL fell 40.7% over the same period. which indicates “The rise in asset prices in US dollars. Against the background, new capital inflows drive TVL.”
Liquid staking derivatives (LSD) continued to support the Solana ecosystem, with Marinade Finance, Lido, Jito and JPool increasing their TVL by 100% or more during the quarter.
Other protocols such as Orca, Raydium and Solend also greatly expanded TVL in parallel with the wider market recovery.
Messari data revealed that the total number of daily new NFTs increased from 2.6 million to 2.9 million quarter on quarter. NFT sales volume in the secondary market, denominated in USD, was up nearly 36%.
refer : LINK
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