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Solana Sees Significant Growth Across DeFi, NFTs: Messari

After a challenging 2022 due to macroeconomic challenges, Solana's performance significantly improved in the first three months of the year. According to data, its market cap climbed with the overall market by more than 118% QoQ.
Additionally, a number of ecosystem advancements fueled Q1 fee payer and transaction activity.
Prior to now, Solana's network disruptions raised discussions about possible insolvency. However, after improvements like QUIC, priority fees (local fee markets), and stake-weighted quality of service (QOS), its performance stabilized. The DeFi, NFTs, and GameFi verticals all experienced considerable growth in Q1 on the layer one blockchain network.

Source: https://cryptopotato.com/solan....a-sees-significant-g

Solana Sees Significant Growth Across DeFi, NFTs: Messari
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Solana Sees Significant Growth Across DeFi, NFTs: Messari

Despite challenges related to network performance degradation, Solana's fundamentals improved in the first quarter.