Solana (SOL) has been having a tough few weeks following the FTX meltdown, and has slowly been fading from the highest ten record of the largest cryptocurrencies. Nonetheless, Solana’s NFT ecosystem has been displaying some promising development.
During the last week, quite a lot of new NFTs had been listed on Solana, together with Panda, Pixel Boy, ACF, Moo Doo, and Claynosaurz. Along with this, Solana’s NFT transaction quantity has additionally made some notable progress. Only a few hours in the past, Solana introduced on its Twitter web page that its NFT transaction quantity has reached a brand new all-time excessive.
Solana NFT Buying and selling Quantity by Month Supply: Solana Each day
Sadly, Santiment’s knowledge on Solana was not as constructive. Based on the market intelligence platform, SOL’s whole NFT commerce depend quantity in USD noticed a decline during the last week.
Complete NFT Trades Quantity in USD Supply: Santiment
These new developments had a constructive impact on SOL within the quick phrases. The crypto market monitoring web site, CoinMarkeCap, signifies that SOL noticed a 1.52% enhance in value during the last 24 hours to now commerce at $13.88.
SOL / TetherUS 1D Supply: CoinMarketCap
In the long term, issues are nonetheless not wanting too nicely for SOL because the altcoin is at present within the crimson by greater than 4% during the last week.
SOL’s 24 hour buying and selling quantity can also be within the inexperienced at present and now stands at $293,517,825 after a greater than 4% enhance during the last day. The crypto additionally strengthened towards the 2 largest cryptocurrencies out there, Bitcoin (BTC) and Ethereum (ETH) by about 0.08% and 0.30% respectively.
SOL is at present the fifteenth largest crypto out there, with its market cap of $5,047,107,413.
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