- Solana saw a massive increase in sales volume. This also applies to the number of sellers.
- In the past 24 hours, the NFT network sold more than $1.3 million in NFTs.
The Solana season is upon us as the blockchain records some mad sales volume in the past 24 hours and the seven-day sales. Apparently, more traders are participating in the network and making more sales. This is after the terrible market crash that saw Bitcoin decrease by more than 9%. Let’s jump in and see how Solana achieved these impressive feats.
Is this Solana Season? Over $1.3 NFT Sales in 24 Hours
- The Solana blockchain is seeing a massive increase in NFT sales. Over the past 24 hours, the blockchain continues to see huge sales, taking it to a whole new level. Apparently, this is massive after a colossal decline in the NFT market. Judging from the increase in NFT sales, there’s an uptick of more than 80%.
- Nevertheless, the daily sales volume isn’t the only thing that defines the Solana season in the NFT market. Apparently, the NFT blockchain isn’t putting a foot wrong even in the seven-day NFT sales volume. Over one week, the Solana network recorded a whopping over $10 million in sales in NFTs. Moreover, this represents more than an 8% increase in the weekly sales volume.
- Apparently, the only place Solana is missing out is the 30-day sales volume in the NFT market. Solana and Polygon continue to battle each other over the 30-day sales volume. But it seems the Solana season is having a huge impact. Previously, Polygon used a very large margin to surpass Solana in the 30-day sales volume. But this is decreasing. Both are in the same $34 million range, separated by a few thousand.
- There is something to point out here. Although the Solana blockchain extends its lead in many metrics, Polygon passes it using the number of sellers. Apparently, more people are selling on Polygon than Solana. In the past seven days, there were over 194,000 sellers on Polygon. But for Solana, there are only about 39,000 sellers. Both represent a 106% and 48% increase, respectively.
Top NFTs Sales in the Solana Blockchain
- It is imperative to point out some of the NFT collections playing a pivotal role in the sales volume increase in Solana. Apparently, these NFTs are driving the Solana season.
- In the Solana ecosystem, Kanpai Pandas represent a large percentage of sales in the past 24 hours. Apparently, they sold over $400,000, and there’s an increase of more than 726%. It is quite huge for Solana.
- Other collections in the Solana Blockchain contributing to massive increase are The Heist, The Heist: Orangutan, Mad Lads, Okay Bears, and many others.
Conclusion
Solana is one of the biggest NFT blockchains in the crypto industry. Although it is not comparable to Ethereum, it is doing quite an excellent job at keeping up. Recently, the network is seeing a massive increase in sales volume. In the past 24 hours, there’s been more than a 80% increase in the sales volume.
