Messari released Solana's first quarter report for 2023, in which Solana's circulating market value rebounded with the market, up 118.1% month-on-month, and Solana's revenue (in SOL) increased 68.7% month-on-month. BONK airdrops, NFT collections, and DePIN applications drove fee payments and trading activities in the first quarter.
As far as DeFi is concerned, Solana TVL in US dollars increased by 23.5% quarter-on-quarter in the first quarter, and TVL in SOL fell by 40.7%, indicating an increase in SOL prices. LSD experienced significant month-on-month growth, driven by Marinade Finance, Lido, Jito and JPool.
In terms of NFTs, the total number of new NFTs added daily on Solana increased by 11.8% from 2.6 million to 2.9 million month-on-month. At the same time, secondary market NFT sales denominated in US dollars increased by 35.5%, and sales denominated in SOL increased by 19.3% and reached an all-time high. In the first quarter, independent buyers continued to outnumber independent sellers, with a total of 889,000 buyers and 887,000 sellers. The average number of Solana network verification nodes increased by 18.9% month-on-month, indicating that the network is moving towards a more decentralized state. At the same time, the Solana Foundation continued to invest in ecosystem growth plans in the first quarter, including Solana Hacker Houses and the largest hackathon Grizzlython.
Solana Ventures continues to drive growth in the online gaming ecosystem with its $150 million fund. The Solana Foundation also said that Solana Breakpoint 2023 will be held in Amsterdam from October 30 to November 4, 2023.
Finally, Solana also highlighted issues to be addressed in 2023 and beyond, including Solana Mobile, Firedancer (the only smart contract network other than Ethereum with more than one independent validator client), and the new Token-22 token standard.
