Solana's development of intelligent contracts accelerates while price correction uses

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Solana, an advanced blockchain platform, has had impressive progress in developing intelligent contracts over the course of the year. According to a current diagram, 152 intelligent contracts have already been implemented on the Solana platform, which is a significant increase in comparison to previous years.

It is particularly noteworthy that this was the second time within a month that Solana introduced such a large number of contracts. This increase in contract provision indicates that new projects are developing on the platform, which in turn can lead to a potential increase in the user base, transaction volume and even the price trends.

Solana also had an increase in active accounts. Last week there was a slight increase in active users in the Solana network. Around 296,000 active wallets were counted at the present time, while the maximum stand on July 11 was reached with over 300,000 users. Despite a temporary decline in the active wallets, the number rose again on July 17th. In addition, the scanner data recorded a positive increase in new token accounts, whereby over 260,000 accounts have been registered in the last seven days.

from the price trend, Solana has recorded a remarkable increase of over 170 % since the beginning of the year. However, Sol, the token of Solana has lost value in the past few days and was traded at around $ 25 at the time of this letter, which corresponds to a loss of over 6 %. However, a quick increase followed by 22 % within just three days, which pressed the price into the overbought area. Although Sol has now moved out of the overbought zone, the mood remains optimistic due to the previous positive development.

Solana has established itself as an advanced blockchain platform that accelerates the development of intelligent contracts. The significant growth in the number of contracts and the increase in active accounts show that more and more users are using the platform and are willing to carry out projects and transactions on Solana. It will be exciting to see how Solana's growth continues and how this affects the overall success of the platform.

Image source: Tradingview