In 2024, Solana surpassed Ethereum for the first time in terms of new developer acquisition, according to Electric Capital's report.
Solana's Achievements in 2024
Solana showcases rapid growth, attracting 7,625 new developers, an 83% increase over the previous year. The platform ranks first in attracting programmers in India and is second in major markets like the US.
Investors' Confidence in Solana
According to Glassnode, investors in Solana are becoming more confident, with increased long-term holder rates. 27% of Solana's supply is owned by investors with a 6-12 month time horizon.
SOL Price Dynamics
At the time of writing, SOL is trading at $220.78, up by 2.25% in the last 24 hours. However, the trading volume is down by 8.74%. If the price manages to go above the $227 mark, it will likely test the $234 resistance level.
Solana strengthens its standing in the blockchain world by attracting developers and increasing investor confidence despite ongoing price fluctuations.
