Solana NFT Ecosystem Is Leading The Way

Over the past few weeks, Solana NFT ecosystem attracted a lot of interest as it hit a number of milestones that seemed positive for the network.

According to Solana Daily, Solana NFT’s market share stood at 13% in terms of sales volume while Solana’s NFT sales in November hit a record high of 6.7 million.

Additionally, Magic Eden continued to dominate the market with 90% percent of transactions on Solana. Another interesting occurrence was the sudden increase in price and trading volume of Solana NFT’s Blue Chip following the FTX collapse, which probably stunned the whole cryptocurrency market.

The y00ts collection saw the highest trading activity over the past 30 days, and its sales rose by roughly 280%, according to statistics from DappRadar. The top 10 NFT collections by volume over the previous month’s list also included y00ts.

However, SOL’s price continued to decrease despite all of these positive events, therefore it did not appear that much of an impact had been made. SOL, which saw more than 3% negative growth, was trading at $13.58 with a market value of more than $4.951 billion at the press time, according to Coincu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Thana

Coincu News