The sales volume of Solana-based non-fungible tokens (NFTs) has climbed by over 30% in the past 24 hours, CryptoSlam’s data has shown.
Solana has seen a surge in NFT sales volume in the past 24 hours, but Ethereum was not so lucky.According to the on-chain data provider, the value of all Solana-minted NFTs sold during that period totaled $3.17 million.On a month-to-date basis, NFT sales volume on Solana has totaled $65.11 million, marking a 57% drop from the $152 million recorded in April.
CryptoSlam’s data showed that monthly NFT sales volume on the network had decreased after peaking at a year-to-date high of $250 million in March.data, in the past 30 days, the total volume of NFT sales across all collections was $448 million, recording a 15% fall. However, due to the recent surge in the values of several cryptocurrency assets, NFT market capitalization has registered a minor rally. At $8 billion as of this writing, this has risen by 1% in the last month., the floor price of the leading NFT project, Bored Ape Yacht Club , was 13 ETH at press time.
Due to this uptick in value, its sales activity has dropped. Only 16 BAYC NFTs were sold during that period, a 56% reduction in sales count in the past 24 hours. Regarding CryptoPunks, the largest NFT collection by market capitalization, its floor price was 40 ETH as of this writing. In the past 24 hours, only 3 NFTs from the collection have been sold.Abiodun is a full-time journalist working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.
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