Is Solana [SOL] NFT market in trouble? Here’s what you should definitely know - Aliens: AI Crypto News & Markets Updates
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Is Solana [SOL] NFT market in trouble? Here’s what you should definitely know

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AMB Crypto

Thu, May 19, 2022

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Aliens TLDR

The Solana NFT market seemed to be cruising as it entered May. With a very productive April, the NFT markets were also expected to boom through the mid-season.

In fact, the NFT volume on Solana reached its all-time high at $446 million.

The Solana TVL in DeFi has also decreased gradually with increasing aversion towards risk assets in the market.

While NFT sales and DeFi TVL are expected to grow as the market stabilizes, network issues continue to persist on Solana.

After seeing network issues persist on the blockchain, the Solana Foundation released updates to fix the issues.

The testnet is a threefold upgrade process allowing users to improve the network experience through a series of changes.

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