A tweet on 8 December revealed that&nbsp;<a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.

<a href="https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps" target="_blank">Solana</a> has <a href="https://decrypt.co/112110/magic-eden-flip-flops-on-solana-nft-royalties-making-them-optional" target="_blank">been ground zero</a> for the ongoing industry debate <a href="https://decrypt.co/111821/magic-eden-market-share-solana-nft-royalties" target="_blank">over enforcing NFT creator royalties</a>, and now long-simmering disputes between major players in the space have spilled out onto social media as builders try to shift the course of the Solana NFT space.

<a href="https://ambcrypto.com/?s=SOL">Solana’s [SOL]</a> NFT ecosystem gained the attention of many over the last few weeks as it achieved quite a few milestones that looked promising for the network. One of these accomplishments was Solana’s NFT sales reaching an all-time high of 6.7 million in November.

Indian software engineer and co-founder of Polygon, Sandeep Nailwal, has responded to claims of Polygon using its investment funds to pay for company acquisitions and bribe people to use the chain. Nailwal’s remarks directly reply to the co-founder of Helius, a Solana-based startup, Mert Mumtaz.

<a href="https://ambcrypto.com/category/bitcoin-news/">Bitcoin</a> was back at an area of resistance that it has toiled beneath since November. The $17.6k-$18k area would be vitally important for the bulls to conquer before they can hope to make further advances. <a href="https://ambcrypto.com/?s=solana">Solana [SOL]</a> witnessed some gains in recent days but its higher timeframe downtrend remained unbroken.

Recently, &nbsp;James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, explained that although Solana ($SOL) got “a black eye” thanks to its exposure to FTX and Alameda Research, it is far from dead.

The Solana-based NFT marketplace Magic Eden has <a href="https://twitter.com/MagicEden/status/1598400031999918080?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1598400035112165376%7Ctwgr%5E6717e10540f9948890952e8619898ad99a6dfe6e%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmagic-eden-follows-opensea-with-nft-royalty-enforcement-tool" target="_blank">announced</a> the Open Creator Protocol (OCP). OCP is an open-source tool that NFT creators on Solana can deploy to ensure that royalties are paid whenever their assets are traded on secondary marketplaces.

Solana has been on a downtrend since the collapse of FTX, as investors have been selling their&nbsp;<a href="https://cryptoslate.com/coins/solana/">SOL</a>&nbsp;holdings due to its connection with the Sam Bankman-Fried crypto empire.

On Tuesday, 29 November, the leading Solana wallet, Phantom, <a href="https://twitter.com/phantom/status/1597597365774749697?t=Pq8aq4lFRYf1q_T9PWu8rw&amp;s=19" target="_blank">announced</a> that it would enable functionality for assets on the <a href="https://ambcrypto.com/polygon-traders-going-short-on-matic-can-watch-out-for-these-levels/">Polygon</a> and <a href="https://ambcrypto.com/reasons-eth-investors-can-be-disappointed-despite-ethereums-latest-milestone/">Ethereum</a> blockchains.

Within a couple of weeks, Solana has tumbled from being ranked amongst the top ten cryptocurrencies with disruptive applications showcased as the ETH-killer. Considering the price action showcased in the previous year till 2021, the expectation from SOL was at an all-time high when it touched the peak value of $265 just a year ago in November 2021.&nbsp;

Solana (SOL) continues to trade below $20 after facing rejection due to the FTX fiasco and the current market downtrend affecting the price to a low of $13.5.

<a href="https://ambcrypto.com/solana-enthusiasts-should-consider-this-before-buying-back-at-the-current-level/">Solana [SOL]</a> has been on the receiving end of criticism over the last year, owing to its network outages and exposure to <a href="https://ambcrypto.com/evaluating-the-state-of-solana-sol-ecosystem-post-ftx-demise/">Alameda Research.</a>&nbsp;The growing negative perception of <a href="https://ambcrypto.com/solanas-ftx-trouble-failed-to-impact-this-sol-segment-growth-but-is-it-enough/">Solana</a> could thus drastically affect the development of its native token, SOL.

Despite the prevailing bear market, Solana showed growth in active addresses and the number of transactions&nbsp;Its performance in the DeFi sector was not satisfactory

DOGE is up by a double-digit, while XRP has gained by 7% in the last seven days. The overall crypto market valuation is up as tokens recover post-FTX collapse.

According to Solana Compass, 48.6 million SOL are still in possession of the infamous crypto trading firm Alameda Research, through which FTX management manipulated and profited from the market using user funds. It was previously reported by U.Today that Alameda holds $1.2 billion in Solana on its balance sheet; since then, the SOL price has fallen by 60%. The figure of 48.6 million SOL is not the final known size of the position of the defunct trading firm. Nevertheless, it alone represents 65.1% of all SOL blocked in staking. Moreover, in monetary terms, that volume is now $700 million and represents 8.75% of Solana's total token supply.

In a latest, crypto influencer BitBoy claimed that Alameda Research held transactions when Solana blockchain was halted. He also warned in his latest <a rel="nofollow" href="https://twitter.com/Bitboy_Crypto/status/1596423423042920448?s=20&amp;t=F3M9nUydy2ypeJkCd32HGw">tweet</a> saying those who have positions in Solana should get rid of the assets. BitBoy said <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> laundered money and pressurized with some transactions during the blockchain halts. The Solana price dropped heavily thanks to FTX’s investment in the blockchain project. BitBoy said,

At Breakpoint 2021, Solana Labs announced two flagship funds: a $100 million fund focused on decentralizing <a href="https://www.theblock.co/post/123763/privacy-policy">social media</a> and a $150 million fund to encourage <a href="https://www.theblock.co/linked/127476/solana-ventures-announces-new-150-million-fund-for-blockchain-gaming">blockchain-based gaming</a>.

At Breakpoint 2021, Solana Labs announced two flagship funds: a $100 million fund focused on decentralizing social media and a $150 million fund to encourage blockchain-based gaming.

By launching its aggregator on Solana, KyberSwap has expanded its DeFi presence. The integration would enable the platform to provide swap rates on Solana in a secure and user-friendly manner.

The <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> is making shy progress after weeks of being caught in the turmoil that followed the collapse of <a href="https://finbold.com/review/ftx-review/">FTX</a>, once among the largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/">crypto exchanges</a> in the world, with Solana (<a href="https://finbold.com/cryptocurrency/solana/">SOL</a>) leading the recovery.