It’s finally time for ardent Solana supporters to wear smiles on their faces. Throughout recent weeks, Solana NFT trading volumes and transactions have shown a notable upswing. The blockchain network’s native token has also witnessed an impressive surge in price over the past 24 hours.
Quick Takes:
- Solana NFT sales have risen by 26% in the past week, with a 30% increase in NFT buyers and sellers.
- Magic Eden is Solana’s most active platform, bringing in 32.23k users.
- The blockchain’s native token SOL has also risen by 2% in the past 24 hours, hitting a trading price of $16.27.
Uncovering Solana’s Rise
When diving into the weeds of Solana’s progression, it’s clear that things are looking up for the blockchain network. NFT sales have grown by 26% in the last week, with a 30% rise in NFT buyers and sellers.
The Solana Twitter account ‘Solana Daily‘ recently pointed out that Magic Eden is the platform bringing in the most active users, alongside Mean Finance and Rarible.
SOL’s Spike Amid Market Volatility
Solana’s crypto token SOL is also riding a wave of hope, rising 2% over the past 24 hours and trading at $16.27, with a market capitalization exceeding $6.5 billion.
Bolstering the intrigue, SOL’s funding rate on Binance showcases its demand in the derivatives exchange, further amplifying investors’ faith in the token.
While the market’s future may as well be jotted down in invisible ink — especially considering that over 1.2k OG NFTs were recently put into liquidation following the Elementals aftermath — at least it’s a positive time for Solana lovers.
Source: NFT Lately
