The collapse of FTX, one of the most popular crypto exchanges, dealt a significant blow to the entire cryptocurrency market. The fallout also hit Solana (SOL), a blockchain network that was heavily exposed to the exchange. However, Solana has managed to rebound in the first quarter of 2023, with Defi activities picking up and even surpassing pre-FTX levels.

Solana (SOL) witnessed a drop in Defi activities after the FTX collapse. However, recent data shows that Defi activity on Solana (SOL) is on the rise, with an increase in cumulative decentralized exchange volume. Before FTX collapsed, $5.4 billion worth of transactions were settled on the chain. Since the start of 2023, $5.57 billion worth of transactions have been settled on the chain, indicating a resurgence in Defi activities.

The blockchain network has also witnessed an increase in its total value locked, reaching $572 million – its highest since the end of 2022. Additionally, weekly transaction fees generated on the network are now towards pre-FTX levels. However, daily active users remained well below the 200k mark.

Solana’s resilience in the face of the FTX collapse can be attributed to its fast transaction speeds, low fees, and robust infrastructure. The network has been able to attract developers and users looking for an alternative to Ethereum’s high fees and congestion.

Meanwhile, Sparklo (SPRK), a trading platform that aims to redesign how everyday investors interact with the bullion industry worldwide, has entered global markets for precious metals. The platform offers a range of investment products, including gold, silver, and platinum, with the added benefit of blockchain technology.

Sparklo’s platform allows investors to track their investments in real-time, view current prices, and manage their portfolios from a single dashboard. The platform also allows users to buy and sell precious metals instantly, eliminating the need for intermediaries.

Sparklo’s use of blockchain technology ensures that transactions are transparent, secure, and tamper-proof. The platform also offers users access to a range of educational resources, including videos, articles, and tutorials, to help them make informed investment decisions.

In conclusion, Solana (SOL) has managed to rebound from the impact of the FTX collapse, with Defi activities on the rise and surpassing pre-FTX levels. The blockchain’s resilience can be attributed to its fast transaction speeds, low fees, and robust infrastructure, making it an attractive alternative to Ethereum. Meanwhile, Sparklo’s entry into global markets for precious metals offers investors an innovative and secure way to invest in the bullion industry.