.Citi says activity on the solana blockchain remains high despite concerns about its exposure to FTX_Official's bankruptcy proceedings. willcanny99 reports
is when free tokens are sent to wallet addresses to promote adoption of a new cryptocurrency.
Solana’s main challenge is incentivizing users and developers to stay, the note said, observing that DeGods, its largest NFT collection,Through the end of last year, Solana underwent a “slow burn lower” before slumping as much as 20% on Dec. 29. The next day, , triggering an almost 100% rally for the token in the following weeks, with about $550 million of short liquidations over the same period, the note added.
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