TechFlow News — Messari has released its Solana Q2 2023 report, which shows that Solana's market capitalization declined by 9.2% quarter-on-quarter. At the same time, the number of validators dropped by 21.1% compared to the previous quarter.
On the revenue front, income denominated in SOL decreased by 15% quarter-on-quarter. However, dollar-denominated total value locked (TVL) increased by 3.8%, while SOL-denominated TVL rose by 18.6%.
In addition, NFT sales volume in terms of SOL fell by 43.3% quarter-on-quarter. Interestingly, despite this decline, the number of unique buyers still exceeded that of unique sellers, with approximately 539,000 buyers versus around 524,000 sellers.
Furthermore, as of June 1, Solana's developer count had decreased from over 2,000 at the beginning of the year to 1,475.
