Solana NFTs are back: market leaders show growth
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Johny Smith
2024/12/15
3 mins read
The NFT market on the Solana blockchain has picked up pace, with key collections seeing significant increases in trading volumes and minimum prices. CoinGecko specialists spoke about this. They noted that the popular digital collection Mad Lads was the leader of the week, showing an increase in value by 9.1%, to 43.95 SOL, and volumes by 10.8%, reaching 878.24 SOL per day.
Tensorians surprised the market with their record surge. The minimum price of the token increased by 27.8% to 10.89 SOL, and daily volumes soared by 476.2%, reaching 585.36 SOL. This has attracted the attention of investors who view Solana as a platform with great potential.
The DeGods collection also saw growth. The minimum price increased by 19.1%, to 15.20 SOL, and the trading volume amounted to 699.75 SOL, up almost 5%. Experts attribute this to recent updates to the project and the strategy of returning some collections to Solana.
The general uptick in activity in the Solana ecosystem can be attributed to improvements in blockchain infrastructure and interest in cheap and fast transactions. Experts noted that many relatively new projects, including Solana Monkey Business and Galactic Geckos, are also showing stable growth, which indicates increasing confidence in the platform.
According to representatives of the crypto community, the increase in volumes and prices for Solana NFT is causing optimism among market participants. Many analysts believe that this could be the start of a new cycle of popularity for blockchain-based NFTs. However, it is worth considering that the sector is still volatile and more initiatives and innovation are needed for long-term sustainability.
NFTs on Solana continue to gain popularity, putting the platform back among the market leaders. Investors are watching developments closely as sustained growth could attract new collectors and expand the blockchain ecosystem.
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