Solana NFT Trading and Transaction Volumes Present Positivity

Share This Post

It’s finally time for ardent Solana supporters to wear smiles on their faces. Throughout recent weeks, Solana NFT trading volumes and transactions have shown a notable upswing. The blockchain network’s native token has also witnessed an impressive surge in price over the past 24 hours.

Quick Takes: 

  • Solana NFT sales have risen by 26% in the past week, with a 30% increase in NFT buyers and sellers.
  • Magic Eden is Solana’s most active platform, bringing in 32.23k users.
  • The blockchain’s native token SOL has also risen by 2% in the past 24 hours, hitting a trading price of $16.27.
solana nft trading
Source: Solana Daily

Uncovering Solana’s Rise

When diving into the weeds of Solana’s progression, it’s clear that things are looking up for the blockchain network. NFT sales have grown by 26% in the last week, with a 30% rise in NFT buyers and sellers.

The Solana Twitter account ‘Solana Daily‘ recently pointed out that Magic Eden is the platform bringing in the most active users, alongside Mean Finance and Rarible.

SOL’s Spike Amid Market Volatility 

Solana’s crypto token SOL is also riding a wave of hope, rising 2% over the past 24 hours and trading at $16.27, with a market capitalization exceeding $6.5 billion.

Bolstering the intrigue, SOL’s funding rate on Binance showcases its demand in the derivatives exchange, further amplifying investors’ faith in the token.

While the market’s future may as well be jotted down in invisible ink — especially considering that over 1.2k OG NFTs were recently put into liquidation following the Elementals aftermath — at least it’s a positive time for Solana lovers.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.

spot_img

Related Posts

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Italian Luxury Watch Brand Panerai Introduces Digital Passports Generated with NFT

Italian luxury watch manufacturer Panerai has revealed plans to include an...

Related Posts

Otherside Announces the Beta Launch of Legends of Mara 

Yuga Labs recently announced that they will launch a...

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

Adidas Just Unveiled Its First Digital Artist Program, RESIDENCY

Making strides in the art and technology sectors, Adidas...

Coinscribble Review: Top Platform for Crypto Press Releases?

In the rapidly evolving world of cryptocurrency and blockchain,...

Hot Wheels Introduces New NFT Collection: Garage Series 6

Hot Wheels, the beloved toy car brand, has launched...