Blockchain

Solana Incorporated The Move Language Into Its Development Strategy

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 Incorporated The Move Language Into Its Development Strategy 4

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%.

Source: Messari

At the time of writing, SOL is trading at $31.86 following a 1.45% hike in 24 hours.

SOL daily chart. Source: CoinCu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.