.Solana coin's performance is impacted by in-house projects
in the Solana ecosystem, also impacted overall performance. Carrying over its impact in driving massive transaction volumes in the first quarter, BONK also helped push the Solana figures to new highs in May, when users interacted with an unknown smart contract.
Overall, the Solana protocol was shown to have a Nakamoto coefficient of 32 in Q2, showing its above-average decentralization compared to other Layer 1s. The second quarter also played host to the launch of Solana Mobile, the smartphone of the protocol that was open to the public for ordering in May, as
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