Solana Unique Users Doubles – Solana ecosystem has experienced significant growth over the past month as its user base experiences a 2x increase. The new development can be credited to the growing popularity of consumer-focused apps that hat attracted users to the Solana ecosystem.
Crypto research analyst Ally Zach made this known via his Twitter account yesterday. He gave an in-depth analysis of the Solana ecosystem. According to him, gateway apps are usually the first interactions newcomers have within the ecosystem and it plays an important role in onboarding and engagement.
1/ @solana has experienced a remarkable 2x surge in unique users within the past month, with a significant portion comprising new users.
What attracts these users and how do they engage within the ecosystem?🧵 pic.twitter.com/BnKDNdUSD9
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— Ally Zach (@0xallyzach) June 1, 2023
Zach added that the gateway apps on the Solana network have experienced a transition through different sectors from decentralized finance, to gaming, and then to NFTs.
Remarkably, consumer sectors like Saydialect and AccessProtocol have produced a larger portion of gateway apps in recent months. Several more elements influence user involvement in the ecosystem. In recent months, the advent of innovative functions such as programmable NFTs and NFT compression has sparked tremendous interest and engagement in consumer apps.
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Meanwhile, Solana currently falls behind competitors in terms of long-term user retention. However, in terms of short-term, it only falls behind Arbitrum. Furthermore, Solana’s short-term retention has been fueled by the rise in activities on consumer apps over the last few months.
Source: Ally Zach’s Twitter
While the ability of these specialized apps to retain users, in the long run, is unknown, the apps are speculated to have an important impact on driving the ecosystem’s growth as well as maintaining long-term user engagements.
The evolution of the application landscape has been a key step, with previous usage across industries demonstrating the platform’s adaptability. Furthermore, linkages within the application ecosystem and protocol-specific developments have been critical in influencing the growth trajectory.
Price of Solana (SOL) today
According to data from CoinMarketCap, the price of SOL today is $21.27. SOL is up 2.69% in the last 24 hours. What’s more, Solana (SOL) is ranked #9 on the CoinMarketCap chart with a live market cap of $8,432,083,506.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.