![Solana [SOL] ranks second by NFT volume, but this might be transitory](https://i.headtopics.com/images/2023/1/22/cryptoamb/solana-sol-ranks-second-by-nft-volume-but-this-mig-solana-sol-ranks-second-by-nft-volume-but-this-mig-1617243958270124032.webp)
Solana’s NFT market dominance was challenged by declining transactions and migrations. The ecosystem also saw a decline in users’ interest; however, the SOL token did not suffer. Solana was performing well in the NFT market over the last 30 days. According to data provided by Delphi Digital, Solana outperformed most cryptocurrencies in terms of NFT […]
One of the key factors contributing to Solana’s success in the NFT market has been the growth of Blue chip NFTs in its ecosystem.
However, even though these Blue-chip index NFTs were growing, a majority of the Blue chip index’s volume was driven by NFT collections such as DeGods and y00ts.
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Solana: Is this the only reason behind SOL’s bull rally? Unravelling…Solana ranked second on the list of blockchains in terms of NFT sales. Market indicators revealed the reasons behind SOL’s price surge. Solana [SOL] outperformed every other blockchain except for Ethereum [ETH] in the NFT ecosystem. As per a 19 January tweet from Solana Daily, SOL ranked second on the list of the top 10 […]
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Solana [SOL] closed Q4 2022 with a decline in key growth metricsSolana ended 2022 with a decline in some of its key growth metrics. So far this year, the chain has seen increased user activity. House to over 350 decentralized applications (dApps), a new report from Messari revealed that leading open-source blockchain Solana closed the 2022 trading year with a significant drop in its key growth […]
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Polygon loses to Solana in market cap – fret not, as it grows in this sectorSolana flipped Polygon to become the 10th largest crypto in terms of market cap. Polygon’s NFT ecosystem witnessed growth with increased trade count and new integrations. Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the FTX crash. However, despite this, long-term sentiments towards Polygon [MATIC] […]
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Is Solana [SOL] headed toward $33? Technical tools indicate…Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure remained bullish, and pullbacks were shallow A surge above $25.3 would underline the likelihood of a move to $28.7 and higher In November and December, Solana registered large losses on the price […]
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The Sandbox reports record land sales as metaverse virtual worlds gain popularityETH whales favor The Sandbox amid favorable YOY NFT revenue growth. SAND experiences extended demand despite being overbought. The Sandbox just earned its way into the list of most used smart contracts among the top 100 ETH whales in the last 24 hours. But is this an indicator that the metaverse network is experiencing more […]
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