- Solana’s NFT volumes witnessed an uptick, driven by blue-chip collections.
- Magic Eden’s new development could incentivize Solana’s growth.
Solana [SOL] witnessed a massive amount of growth over the last few months due to the popularity of meme coins and DEXes on its network. However, recently it was seen that NFTs were driving growth on Solana.
Blue chips lead the way
The Blue Chip Solana NFT index witnessed a massive surge in volume over the last 24 hours. According to Solanafloor, the volume of Solana NFTs grew by 27% in the last week.
Some famous NFT collections that spearheaded the growth included MadLads, Tensorians, and Solana Monkey Business.
Source: Solanafloor
However, the total floor value of these collections continued to decline. This suggested that many addresses capitalized on the decline in prices of Solana NFTs and bought these collections at a discount.
Source: Solanafloor
The activity on the Solana network grew materially as well. Recent data indicated that revenue generated by Solana in the last 30 days grew by 140.2%.
Despite these factors, the overall activity on Solana declined. According to Token Terminal’s data, the daily active users on the Solana network fell by 16.6% in the last month.
Source: Token Terminal
New developments
However, things could change for the Solana network, going forward.
Magic Eden, one of the most popular NFT marketplaces in the crypto sector, recently announced that it would be building a reward program that would be starting on the Solana network.
Not only will users flock to the Magic Eden marketplace, but this in turn will help Solana see a surge in activity on its network.
It would incentivize users to buy more NFT collections on the Solana network as well, further improving the state of the Solana ecosystem.
How much are 1,10,100 SOLs worth today?
At press time, SOL was trading at $87.62, and its price had risen by a massive 9.11% in the last 24 hours.
Even though the token witnessed a sudden spike in interest, the price uptick still wasn’t enough for a reversal. However, if the trend continues, there may be a chance for a bullish future.
Source: Santiment
how to buy generic clomid no prescription can i purchase generic clomid without rx how can i get clomid no prescription how can i get clomiphene price clomid tablets price in pakistan cheap clomiphene for sale where to buy clomid tablets
I couldn’t resist commenting. Adequately written!
This is the make of enter I find helpful.
zithromax 500mg for sale – ofloxacin online buy metronidazole 400mg brand
buy semaglutide 14 mg without prescription – where can i buy semaglutide periactin 4 mg usa
buy domperidone 10mg – buy domperidone sale order generic flexeril
buy inderal pill – buy propranolol generic order generic methotrexate
buy generic zithromax – cheap tinidazole 300mg how to get nebivolol without a prescription
augmentin 375mg cheap – atbioinfo acillin usa
buy nexium generic – https://anexamate.com/ esomeprazole ca
buy warfarin paypal – https://coumamide.com/ hyzaar medication
buy deltasone – asthma buy deltasone 10mg without prescription
buy ed pills uk – https://fastedtotake.com/ causes of ed
amoxil price – buy amoxicillin no prescription purchase amoxicillin generic
forcan drug – https://gpdifluca.com/# fluconazole 100mg pill
order cenforce 50mg – https://cenforcers.com/# cenforce order online
cialis experience reddit – click cialis for daily use dosage
order ranitidine 150mg sale – site ranitidine pill
when does cialis go generic – click order cialis online no prescription reviews
This is the type of enter I unearth helpful. online
viagra pill 100 – https://strongvpls.com/ viagra 50mg
I couldn’t weather commenting. Well written! buy accutane online south africa
This is the amicable of glad I get high on reading. https://prohnrg.com/product/omeprazole-20-mg/
Thanks towards putting this up. It’s well done. https://aranitidine.com/fr/viagra-100mg-prix/