- Solana NFT first-time wallets grew by over 30%
SOL’s price re-entered the $160-zone on the charts
As a seasoned crypto investor with a keen interest in the Solana (SOL) ecosystem, I’ve witnessed firsthand the recent surge in activity surrounding Solana NFTs. The data unveiled by Tiexo and Solana Floor paints an encouraging picture for this burgeoning platform.
As a crypto investor, I’ve noticed an intriguing trend in the Solana NFT market over the past week. A notable increase in new wallets interacting with top Solana NFT collections has caught my attention. This surge in activity suggests that more people are jumping into the Solana NFT ecosystem, indicating growing interest and participation.
Solana NFT attracts more first-time users
According to the latest figures from Tiexo, there has been a modest rise in NFT trading volumes on the Solana network over the past week, with top collections being the main contributors. The total volume stood at approximately $28.72 million at the moment of this analysis. This represented a 1.43% growth when compared to the previous week’s figures. Additionally, Solana Floor reported a 24-hour trading volume of around $3.8 million, signifying a 4% increase in value during this timeframe.
Last week, Tiexo reported a notable increase of approximately 18%, amounting to around 180,000 unique wallets. Impressively, first-time wallets experienced the greatest growth, jumping by over 39% to surpass 56,000.
At present, the aggregate worth of NFTs on the Solana platform, as reported by Solana Floor data, was around $438 million.
Solana lags behind Bitcoin and Ethereum
During the last seven days, the NFT trading volume on Solana experienced a relatively small rise, keeping it in the top three positions in terms of sales volume based on Crypto Slam’s data.
As a researcher examining the data, I discovered that the recorded sales amounted to more than $23 million. However, this figure paled in comparison to Ethereum’s sales, which surpassed $38 million, and Bitcoin’s impressive sales figures of over $47 million.
SOL’s price enters $160-zone
On May 15th, Solana’s price experienced a significant increase, rising by more than 11% and breaking through the $141 – $158 price bracket. At present, it is being traded near $163, representing an additional growth of approximately 3%.
Solana’s recent surge has moved it into a favorable bull market trajectory, according to its Relative Strength Index (RSI), which stood at around 60 as of the last press update – an indication of robust buying pressure.
An increase in price could additionally boost the value of its NFTs, making investors feel even more favorable towards their holdings.
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2024-05-17 05:43