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Friday, March 1, 2024

Solana NFTs Climb Over 100%, How Will SOL Price React?

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  • There is a surge of over 100% in both buyers and sellers of Solana NFTs.
  • Solana is currently trading at the price of $0.4591.

The latest data indicates a significant expansion in Solana’s (SOL) NFT ecosystem over the past week, with a notable increase in both the number of buyers and sellers involved in Solana NFT transactions. There is a surge of over 100% in both buyers and sellers of Solana NFTs.

Solana NFTs buyers and sellers chart (sourse: CRYPTOSLAM)

In addition to the growth in the number of transactions, there was a decrease of 9.20% in the NFT sales volume on the blockchain during the past week. In a recent tweet by Solana Daily, the NFT collections that made substantial contributions to the growth of Solana’s NFT ecosystem were highlighted. According to the tweet, MadLads claimed the first spot on the list of the most actively traded NFT collections on Solana over the last seven days.

With a trading volume exceeding 87,000, MadLads demonstrated remarkable performance, solidifying its position at the top. The Box and Famous Fox Federation trailed closely, claiming the second and third ranks on the leaderboard.

SOL price chart (source: CoinMarketCap)

Despite CoinMarketCap’s data indicating a 1.30% decline in SOL’s price over the past 24 hours, it is currently being traded at $20.64, boasting a market capitalization exceeding $8.2 billion.

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