{"id":328642,"date":"2023-07-19T12:00:57","date_gmt":"2023-07-19T06:30:57","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=328642"},"modified":"2023-07-19T14:48:33","modified_gmt":"2023-07-19T09:18:33","slug":"solanas-latest-development-turns-heads-is-sol-on-the-same-page","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\/","title":{"rendered":"Solana&#8217;s latest development turns heads; is SOL on the same page?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Solana sees YTD high in smart contracts development with 152 contracts.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">SOL leaves the overbought zone as prices continue to decline.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A recent chart revealed encouraging progress in smart contract development within the Solana network. Additionally, glancing at other significant indicators indicated a favorable surge in the platform&#8217;s user base, signifying remarkable growth.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" target=\"_blank\" rel=\"noopener\">Solana&#8217;s [SOL] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<h3><b>More smart contracts on Solana<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">According to <a href=\"https:\/\/app.artemis.xyz\/dashboard\/solana\" target=\"_blank\" rel=\"noopener\">Artemis&#8217;<\/a> latest chart, <a href=\"http:\/\/ambcrypto.com\/solana-tvl-sees-surprising-surge-alongside-price-rally\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> experienced a notable upswing in smart contract deployment on its platform. The numbers showcased an unprecedented high year-to-date, with around 152 contracts deployed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remarkably, this marked the second occurrence within a mere 30-day period when such a substantial contract deployment was observed. This surge in contract deployment suggested initiating fresh projects on the platform. As new projects emerge, there is a potential for an increase in the user base, transaction volume, and even price trends.<\/span><\/p>\n<h3><b>Solana&#8217;s active accounts see an increase<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Over the previous week, there has been a slight upward trend in the number of active users within the <a href=\"http:\/\/ambcrypto.com\/solana-dazzles-accrues-40-gains-in-24-hours\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> network. As of this writing, the <a href=\"https:\/\/analytics.solscan.io\/\" target=\"_blank\" rel=\"noopener\">Sol scan<\/a> data indicated approximately 296,000 active wallets, which fell just short of the peak of over 300,000 observed on 11 July. However, following the peak, there was a subsequent decline in active wallets until the chart showed another rise on 17 July.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the scanner data revealed a positive incline in new token accounts. As of this writing, there were over 260,000 token accounts, representing the highest count within the past seven days.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are 1,10,100 SOLs worth today<\/p>\n<hr \/>\n<h3><b>The SOL recovery and correction<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/solana-rally-cools-off-near-26-are-more-gains-likely\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> has exhibited a blend of price trends throughout the first quarter, yet its overall value has witnessed positive growth. An examination of the daily SOL price trend revealed a remarkable year-to-date increase of over 170%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the recent surge in price appeared to have reached its peak. SOL was trading at approximately $25, experiencing a decline of over 6% in value as of this writing. This decline followed a rapid 22% spike in three days, pushing the price into the overbought zone. Although the recent drop has moved SOL away from the overbought zone, the sentiment remained bullish.<\/span><\/p>\n<figure id=\"attachment_328676\" aria-describedby=\"caption-attachment-328676\" style=\"width: 1400px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-328676\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SOLUSD_2023-07-18_14-32-36.png\" alt=\"SOL\/USD price trend\" width=\"1400\" height=\"764\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SOLUSD_2023-07-18_14-32-36.png 1400w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SOLUSD_2023-07-18_14-32-36-300x164.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SOLUSD_2023-07-18_14-32-36-1024x559.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SOLUSD_2023-07-18_14-32-36-768x419.png 768w\" sizes=\"(max-width: 1400px) 100vw, 1400px\" \/><figcaption id=\"caption-attachment-328676\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Solana&#8217;s smart contract development skyrockets while its user base flourishes. Amidst price volatility, the network showcases resilience and potential for continued growth.<\/p>\n","protected":false},"author":76,"featured_media":328679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-328642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solana&#039;s latest development turns heads; is SOL on the same page? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Solana could see a rise in its user base as more smart contracts are deployed on the network, and new token addresses increase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana&#039;s latest development turns heads; is SOL on the same page? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Solana&#039;s smart contract development skyrockets while its user base flourishes. Amidst price volatility, the network showcases resilience and potential for continued growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T06:30:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T09:18:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ambcrypto_A_rocket_with_the_Solana_logo_symbolizing_Solanas_sur_9cf914bf-f05a-404c-8c0d-d01e3474cfb8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1344\" \/>\n\t<meta property=\"og:image:height\" content=\"896\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adewale Olarinde\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/WaleRexx\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adewale Olarinde\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/\"},\"author\":{\"name\":\"Adewale Olarinde\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/a3ac3193a21ee61fa9d68ccd6bfa3885\"},\"headline\":\"Solana&#8217;s latest development turns heads; is SOL on the same page?\",\"datePublished\":\"2023-07-19T06:30:57+00:00\",\"dateModified\":\"2023-07-19T09:18:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/\"},\"wordCount\":374,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/ambcrypto_A_rocket_with_the_Solana_logo_symbolizing_Solanas_sur_9cf914bf-f05a-404c-8c0d-d01e3474cfb8.png\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-latest-development-turns-heads-is-sol-on-the-same-page\\\/\",\"name\":\"Solana's latest development turns heads; is SOL on the same page? 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