- DApp volumes on Solana have jumped by 87% in the last 24 hours per DappRadar.
- The growth comes amid an influx in NFT trading volumes on the platform.
The Solana [SOL] blockchain has seen an over 87% increase in decentralized application (DApp) volumes, likely driven by rising activity on the Tensor non-fungible token (NFT) marketplace.
Data from DappRadar 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.
Source: DappRadar
The gain is significant given that within the same period, Ethereum [ETH], 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.
The surge in Solana’s network activity also coincides with an increase in user numbers. Solana’s unique active wallets have jumped by 111% to 2.49 million,…
