Altcoins, Cryptocurrency, News, NFT

Solana NFT Collections: Everything Latest That You Should Know 

Solana welcomed September with sustained blossom. The Solana-based non-fungible token (NFT) collections have reflected the growth. For instance, Magic Eden’s recent tweet revealed it hit 25 million Solana volumes. Also, it witnessed a 300K Solana volume over the previous day. These developments indicated the gradual Solana NFTs growth. 

Solana Daily formed a list of leading NFT collections over the last seven days. The update showed DeGods as the top non-fungible token collection on the Solana network, with a $3.1 million sales volume within the previous week. ABC collections followed, generating $1.8 million. 

Meanwhile, DeGods growth within the past 30 days remained visible when assessing the collection. It noted a whopping 217&% hike in sales volume over that timeframe (CryptoSlam) data. The collection accumulated more than $6.36 million. Also, it topped the SOL NFT 30-day chart. 

Moving Against the Wave 

Meantime, the non-fungible token market has suffered over the last few weeks. Token volatility plus low demand welcomed the tendencies. One blockchain analyst noted that NFTs could see their floor price plummeting because of Bend DAO’s liquidations. He added that the NFT market remained dry at the moment. 

That makes Solana’s performance exciting for users. Also, CryptoSlam reveals that Solana generated more than $61.45 million over the previous month. That helped the platform keep the 3rd position on the NFT leaderboard as far as sales volume is concerned. Still, it ranks behind Polygon and Ethereum, though the latest signals remain encouraging (at the moment). 

But Wait

Solana stays on the losing end regardless of the minor victories. The September 7 bearish headwinds triggered a 5.1% dip in $SOL prices. Solana remains at massive risk as it explores the bearish markets. While publishing this news, SOL traded at $31.21 (Coinmarketcap data). 

The cryptocurrency market attempted to recover following the recent sudden slump. The global market capitalization noted a 4.35% uptick within the last day to $978.84 billion. Also, Bitcoin fights a bearish outlook at $19,307, gaining 2.85% over the past 24 hours. The market remains susceptible to further dips. 

Stay around for developing news in the cryptocurrency market.

Leave a Reply

Your email address will not be published. Required fields are marked *