Solana and SuiNetwork are currently leading the blockchain space in monthly wallet transactions, and have solidified their dominance in the sector.The daily number of transactions on the Solana network at the time of writing was around 31 million.
The number of daily active addresses on the Solana network had fallen to 1.5 million. For the Sui network, the number of daily active addresses was 918,000.DEX volumes on the both the networks fell. The DEX volumes for Solana declined from $3.8 billion to $549 million.However, the TVL for both the networks remain the same. Solana’s TVL hovered around the $4.8 billion mark over the past few weeks.
SOL moved in a positive direction and surged from $126 to $171. On the other hand, the price of SUI fell drastically from $1.410 and $1.047.AMBCrypto’s analysis of Santiment’s data, the social volume for both the tokens declined over the past few weeks. This meant that the number of comments around these tokens had fallen.