- Solana NFT quantity has surged over 120% within the final 24 hours.
- Solana Blue Chip NFT Index has additionally seen a ten% enhance within the final 24 hours.
The Solana [SOL] NFT area has skilled a surge in exercise over the previous few days, as latest knowledge signifies. How has this latest uptick in exercise affected the NFT commerce quantity and the worth of SOL?
How a lot are 1,10,100 SOLs worth today?
Solana NFT quantity surges
As of 24 August, in response to a submit by Step Data Insights, Solana emerged with the best NFT gross sales quantity throughout the final 24 hours. The submit unveiled a virtually 20% surge in gross sales quantity for Solana, in distinction to Ethereum [ETH], which skilled roughly a 3.4% enhance throughout the identical period.
Nonetheless, a extra complete evaluation of the amount knowledge on Crypto Slam revealed a extra substantial escalation in gross sales quantity. As of this writing, the gross sales quantity had skyrocketed by over 124% throughout the previous 24 hours.
Supply: CryptoSlam
Moreover, whereas Solana trailed behind Ethereum concerning commerce quantity denominated in USD, it outpaced Ethereum concerning the variety of gross sales throughout the similar timeframe. As of this writing, the cumulative gross sales quantity had accrued to roughly $2.2 million.
Analyzing the Solana 7-day NFT quantity
In keeping with insights gathered from Solana Floor, it was evident that the surge in exercise was not confined solely to every day buying and selling volumes; the seven-day buying and selling quantity additionally skilled a constructive upswing. As of this writing, the seven-day quantity had escalated by 12%, amassing almost $5 million in USD quantity.
As well as, the Solana Blue Chip NFT Index indicated a notable 10% surge throughout the final 24 hours. Nonetheless, it was value noting that this enhance remained under the edge it had reached earlier within the month.
Moreover, the statistics from Solana Flooring highlighted that Mad Labs had established itself as the highest NFT assortment on the community. As of this writing, it had a cumulative flooring worth surpassing $11 million, with the second-highest flooring worth coming at over $8 million.
How does this affect the full SOL NFT commerce quantity?
Regardless of the spectacular surge in complete quantity, the SOL NFT commerce quantity, as indicated by Santiment knowledge, remained unaffected. As of this writing, the cumulative commerce quantity denominated in USD barely surpassed $2,600.
This determine offered a stark divergence from the typical quantity of round $5 million noticed earlier than the numerous decline round July.
Supply: Santiment
Nonetheless, an enchancment may very well be seen if the continued spike in buying and selling quantity maintains its momentum. In that case, there was a risk that the USD commerce quantity may revisit the area the place it had been distinguished a number of months earlier.
This means a possible resurgence in buying and selling exercise if the present development continues.