By Franklin Smith
Solana has lately shown a massive uptick in its non-fungible token (NFT) marketplace. Remember, the overall NFT demand deteriorated in September (regardless of recovery glimpses).
Meantime, Solana NFTs mint touched an ATH on September 7, exploring the 300,000 level. The platform welcomed the month with only 77.79K mints and presented an enormous surge within the timeframe.
Day to Recall
Solana NFT collections have seen a turnaround within the past few days. Moreover, the platform remains a lucrative environment for NFT trading. That comes after its latest milestone.
Meanwhile, Solana News published the leading NFTs by sales volume over the last 24 hours. Yoots: Mint Toobs led the list with $426.1K in sales volume since September 11. Solana Name Service followed closely after conducting transactions worth about $425.4K on September 12.
CryptoSlam confirms another massive development with network activity skyrocketing. The top NFT platform, Ethereum, noted a 10.7% dip in sales volume within the previous week, totaling $72.6M. Meanwhile, Solana has revealed a whopping 123.7% surge in sales volume to total $39.36 million.
Though Solana remains far from rivaling Ethereum, it began to witness massive adoption over the past few weeks. In this context, Solana Foundation’s developer head Chase Barker stated that he remembers some individuals who laughed at SOL NFTs last year.
Meanwhile, Solana NFT market volume hit the highest mark since May end. IntoTheBlock data shows Solana NFT volume hit $373.76K on September 6.
While publishing this post, SOL changed hands near $35.23, surging 2% during the final hours of September 12 (Coinmarketcap data). Meantime, the latest drive will add to SOL’s prominence within the marketplace as the digital token tries to surge in all charts.
Meantime, the broad crypto market showed bullish actions within the past week. The space remains green today as Bitcoin leads the upside journey.
The world’s leading digital coins traded at $22,302.67 during this publication, surging 2.71% over the past day. Also, Bitcoin gained more than 10% within the past seven days (Coinmarketcap data). It remains crucial to witness what the market will have in the upcoming sessions.
Stay around for the latest news in the crypto world.
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