In the last three months, the Solana blockchain has seen the highest development activity among blockchain projects on the software hosting giant GitHub.
According to CryptoMiso, Solana has received 800 GitHub commits from over 100 authors since December. The closest competitor, Internet Computer, with 731 commits from 72 people.
Solana has the highest and most continuous developer activity of any Layer-1 blockchain, aside from the last three months. According to Two Prime, an SEC Registered Investment Advisor, the proof-of-history blockchain has received over 4,300 GitHub commits throughout its existence (RIA).
Solana was only topped in the blockchain space by Trust Wallet Token (TWT), a layer 2 protocol with over 7,900 GitHub Commits from 95 people.
Similarly, on-chain activity in the Solana ecosystem is increasing. According to ChainCrunch, the number of unique users on Solana has climbed 20 times in a year. Solana also surpassed its all-time high in unique signers in January, with an 18 percent rise.
Projects based on Solana, such as Project Serum DEX and Jupiter Aggregator, are also witnessing significant traffic, according to the data. In addition, the number of active addresses in Solana has increased significantly.
On-chain metrics and developer activity suggest to widespread adoption, which is extremely positive for Solana. It was also the foundation upon which a Bank of America (BofA) analysis endorsed Solana as the “Visa of the digital assets ecosystem.”
The challenges encountered on Solana
The increased amount of DDoS attacks on the SOL network is thought to be the result of blockchain issues.
SOL employs a novel blockchain technology that is not commonly used and may not perform as planned, according to a Grayscale security review dated December 2021.
For the third time in less than six months, the Solana network had gone down. After reaching a peak of 400,000 transactions per second on September 16th, 2021, the mainnet was offline for almost 24 hours.
The Solana blockchain was updated to version 1.8.14 on January 23rd, following several days of reduced performance and congestion.
SOL, the blockchain’s native token, is currently trading at $88, up 3.73 percent over the previous 24 hours. However, due to the market’s collapse, it is down 66 percent from its all-time high price of $260 set in November.