The past week has been eventful for Solana , marked by market shifts, impressive DApp performance, and new developments in NFTs and gaming. Here’s a breakdown of the key highlights: Market Overview $SOL experienced a 12.73% dip, closing the week at $190.75 with a market cap of $91.46 billion. Total Value Locked (TVL) declined slightly to $8.239 billion, but decentralized exchange (DEX) volume rose 5.76%, reaching $30.486 billion. Impressively, Solana outpaced Ethereum in DEX activity for the third consecutive month, signaling its growing dominance in this sector. DApps Shine Bright November proved to be a record-breaking month for decentralized applications (DApps) on Solana, generating $365 million in revenue. Meme coin platforms contributed significantly to this momentum, pulling in $509 million throughout 2024. Notably, Pump.fun surpassed $100 million in monthly revenue, underscoring the ecosystem’s diverse opportunities. Institutional Flows and DeFi Trends While Solana faced $8.7 million in institutional outflows, Bitcoin saw a massive $375 million inflow, reflecting shifting investor sentiment. Despite this, Solana’s DeFi TVL drop (-12.73%) was less pronounced than Ethereum (-14.76%) and Tron (-12.28%), highlighting its resilience in challenging market conditions. NFTs and Gaming Solana maintained its stronghold in the NFT space, capturing 35% of weekly users and surpassing Ethereum in user engagement. On the gaming front, Sonic launched an innovative TikTok integration, blending blockchain technology with social media for greater reach and adoption. Week in Solana: Solana Numbers the Last 7 Days! $SOL drops 12.73%! November DApp revenue hits $365M! Injective partnership for AI agents! Let's unpack this week in Solana 1/6 pic.twitter.com/HGkdpSjpF4 — CoinMarketCap (@CoinMarketCap) January 1, 2025 With consistent growth across multiple sectors, Solana continues to solidify its position as a leading blockchain platform, attracting attention from developers, investors, and users alike. As 2025 approaches, Solana’s ecosystem remains a key player to watch. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: jussang/ 123RF // Image Effects by Colorcinch
