In the last seven days, the Solana blockchain has seen a massive influx of NFT sales, surpassing even the Bitcoin network in this metric. According to data from CryptoSlam, Solana NFTs is currently having a huge 107% increase in weekly sales. There’s over a 30% increase in the number of buyers at 248,608, while sellers saw a 20% increase at over 68,000. Moreover, the total transactions on this blockchain were 207,551 within seven days, representing over a 16% increase.
However, many NFT collections contributed to this massive appreciation of NFT sales, and we will explore them below:
Mad Lads Solana NFTs
This is a 10,000-piece art collection residing within the Solana ecosystem that is made up of an eclectic assortment of traits that highlight scientists who inspired change and iconic pop culture imagery. According to more details on their website, each Mad Lad NFT is also a tokenized application that enables staking for gold coins that are held. Soul bound in this context means that items in each Mad Lads inventory are 100% owned by the holder and cannot be transferred.
According to data from CryptoSlam, Mad Lads has had a massive 303% increase in its NFT sales in the past week, shifting the figure to a gigantic $4,540,901.00. The number of sales has also increased by over 201%, climbing to more than 370 transactions.
Solana Monkey Business (SMB) NFT Collection
The Solana Monkey Business, also known as SMB, contains different generations of NFTs. It has the SMB Gen1, the SMB Gen2, and the upcoming SMB Gen3. It has been one of the best-performing Solana NFTs within the past seven days. Sales increased by 370%, bringing the total worth of transactions to $2 million. The total number of sales transactions is 450, and its average hold has increased by 30% to 10.85 days.
Tensorians Solana NFTs
The Tensorians is a Solana-based NFT that has a total supply of 12,975. It has had a stellar performance in the past seven days after surging by more than 300% to take the weekly sales volume to over $1.1 million. Some of the top sales of this NFT collection were the Tensorians#4RCmg and Tensorians#EyeWpZ1. There were more than 607 transactions, representing a 170% increase in the past seven days. Moreover, its average hold increased by 22% to 9.86 days. According to data from CryptoSlam, there were 288 buyers and 325 sellers within this period.
DeGods NFTs
DeGods NFTs were another force within the Solana NFT ecosystem. It recorded a massive $980k NFT sales within the past week, bringing the total increase to almost 70%. With over 320 sales transactions, the average hold time increased by over 7% to 8.49 days. Some of the top sales within this period were DeGods #BNjMLu, which sold for close to $7,000, and DeGods #uBZQo1, which sold for around $6,419.
Conclusion
The NFT market within the Solana ecosystem has been booming in the past seven days. There was more than a $23 million sales volume within this period, representing a massive 104% growth. However, some NFT collections were responsible for this growth, including DeGods, Tensorians, Solana Monkey Business, and Mad Lads NFTs. In the coming weeks, the Solana blockchain will look to continue the bullish trend in NFT sales within the network.
Cover Image from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
