Solana’s price has had a rough month, with the altcoin’s value falling by over 30% in August. On GitHub, however, there has been one new development.
Solana’s team appears to have incorporated Move into their development strategy. Meta designed Move as a programming language to become the go-to programming language for Web3 developers.
This update has contributed to the plateauing of development activities. As developers become more familiar with Move’s technology, interest in the platform is expected to grow.
That’s not all; there have also been other updates. For example, Fireblocks, a digital asset business platform, has announced that it will now enable DeFi on Solana.
The excitement for Solana has grown with fresh additions to the development team and growing collaborations. LunarCrush even stated in a recent tweet that Solana was placed second among its network’s top most trending searches.
Although developments and sentiment have been going well, Solana’s trading volume has dropped significantly. Volume has been declining since last month, with some volatility evident in the middle of the month. Furthermore, the circulating market cap has fallen by 25.83% since August, with SOL’s market cap falling by 25.83%.
At the time of writing, SOL is trading at $31.86 following a 1.45% hike in 24 hours.
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Harold
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