Solana NFT marketplace integration and DApp metrics shine even after SOL’s 20% drop By Cointelegraph

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Solana NFT marketplace integration and DApp metrics shine even after SOL’s 20% drop

(SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent nonfungible token (NFT) markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused.

Solana/USDT at FTX. Source: TradingView

The rally started after Coinbase (NASDAQ:) Wallet added support for SOL and other Solana-based blockchain tokens on March 18. The crypto exchange also outlined plans to “further integrate” with Solana by connecting the Coinbase Wallet with the decentralized applications (DApps) and NFTs hosted on the network.

Solana network Total Value Locked, SOL. Source: DefiLlama
Solana DApps 30-day on-chain data. Source: DappRadar