Shiba Inu Coin (SHIB) Price Prediction 2025-2030: Will SHIB see a >2800% hike by 2030?
Polkadot (DOT) Price Prediction 2025-2030: Will 2030 see DOT touch $200 finally?
SEC v Ripple: Has the SEC’s latest filing put some life into this legal battle
Ripple (XRP) Price Prediction 2025-2030: Is $10 by 2030 gettable for XRP?
Dogecoin (DOGE) Price Prediction 2025-2030: How high will DOGE moon by 2030?
Around 50% BTC holders see gains BUT (over) optimism can be dangerous
Bitcoin: Can miners survive this double-edged combat?
DeFi TVL drops by 10% in August; Ethereum leads with most losses
Bitcoin [BTC] sweeps July lows; is a recovery around the corner
Bitcoin investors brace for a short-term bullish bounce for these reasons
Ethereum: After a dampened sentiment, ETH notices some shift in demand
ETHW vs. ETC: Which way would miners choose going forward?
DeFi TVL drops by 10% in August; Ethereum leads with most losses
Ethereum [ETH] approaches $1,700, but how likely is it to break out
Ethereum: Why the Merge may not be a pretty sight for ETH miners
Published
on
By
Solana has come into September on the back of sustained growth. One of the growth aspects has been observed in the Solana-based NFT collections.
Magic Eden reported in a recent tweet that it has reached a total of 25 million SOL volumes. It also saw a 300k SOL volume in the past day as well. These statistics show the gradual growth of Solana NFTs.
Solana Daily compiled a list of the top-performing NFT collections on the network in the past seven days. As per the update, DeGods was the top NFT collection on Solana with a sales volume of $3.1 million over the past week. It was followed by the ABC collections which generated $1.8 million.
Source: Solana Daily
The growth of DeGods in the previous 30 days has not gone unnoticed as we look deeper into the collection. It has shown a staggering 217% jump in sales volume during this period according to CryptoSlam.
The collection accumulated over $6.36 million and remains the top-performing Solana NFT collection on the 30d chart.
Source: CryptoSlam
Notably, the NFT market has been suffering in the past few weeks with low demand and token volatility as major causes.
One blockchain expert claimed that NFT floors are likely to fall as a result of Bend DAO liquidation. He further stated that the “NFT market is dry rn (right now)”.
This makes Solana’s performance all the more fascinating for users. CryptoSlam also concedes that Solana generated over $61.45 million in the past month.
This has helped the network to retain the third spot on the NFT blockchain leaderboard by sales volume. It still ranks behind Ethereum and Polygon on the charts but recent signs are nothing but encouraging right now.
Despite these little victories, Solana is on the losing end of the battle. The bearish headwinds on 7 September led to a 5.10% dip in SOL prices.
This puts the SOL at great risk as it meanders through the market bears. According to CoinMarketCap, SOL was trading at $31.21 at press time.
Fantom: Assessing the chances of a 20% plunge in September
Litecoin [LTC]: Your take-profit targets can be a revisit of this area
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
How these Solana [SOL] collaborations led to a >$1B redemption- What next
Is STEPN [GMT]’s failure a result of the tokenomics strategy? Here’s the assessment
As Solana completes 95 million transactions, SOL may see a new dawn
Helium: With proposal of migrating to Solana, HNT in past days went…
Solana: Here’s why bearish bias makes sense despite bullish momentum
BAYC, CryptoPunks, MAYC- A status check of NFT markets
Your email address will not be published.
document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
