DApp volumes on the Solana blockchain have soared by 87% within 24 hours. Despite the network growth, SOL price continues to struggle.
blockchain has seen an over 87% increase in decentralized application volumes, likely driven by rising activity on the Tensor non-fungible token marketplace.showed that in the last 24 hours, volumes on Solana reached $83 million. Solana was the top gainer by DApp volumes among the top five largest layer 1 blockchains., which is the largest blockchain by DApp volumes, saw a 30% decline. Nevertheless, Ethereum continues to dominate the DApp industry, with $4.56 billion in volumes.
However, this index has created a higher high, showing that buyers have been flocking back to the market. It needs to cross over to the positive region to confirm the uptrend.
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