[ccpw id="5"]

[ccpw id="5"]

HomeCryptoSolana's NFT potential looks promising, but what about SOL? money moguls

Solana’s NFT potential looks promising, but what about SOL? money moguls


  • Solana NFT Staples has decreased in the last 30 days and the number of daily active users has also decreased.
  • However, SOL has performed well on both the pricing and metric fronts.

A Twitter handle called Solana Legends recently posted a tweet talking about her potential and capabilities. Solana’s (SUN) NFT ecosystem.

According to the tweet, Solana outperforms Ethereum in several aspects. This was something that could take the ecosystem to new heights.

One of the main advantages of Solana was its price. Solana is the cheapest series to launch NFT. For comparison, the cost of implementing smart contracts on Ethereum is around $5,000 or more, while on Solana it is $30.

Solana was ahead of Ethereum not only in terms of prices, but also in terms of the number of transactions. While NFT sales values ​​remained higher for Ethereum, the average number of transactions per wallet was 10 times higher on Solana.

How much they cost 1,10,100 soles is it worth it today?

Not everything is perfect

Despite Solana’s skills, things have not gone her way on the field. Several data sets indicated that the SOL NFT ecosystem was not thriving.

In addition, CRYPTOSLAM data showed that Solana’s sales volume decreased by more than 57% in the last seven days. In addition, the number of unique buyers and sellers has also been on the decline since January 2023.

Source: CryptoSlam

dune Statistics There are also plugins for CRYPTOSLAM as it showed that daily active users of the Solana NFT marketplace have been on a decline in recent weeks.

However, the sentiment chart looked bullish for the network as it showed an increase in the total number of NFT trades and USD trading volume over the past week.

Interestingly, while most NFT-related metrics were negative, Development The network rose to prominence in the DeFi space as its TVL increased.

Source: Feeling

realistic or not, here it is SOL market capitalization in BTC terms

SOL status this month

In the field of valuations, the evolution of Solana favors investors, since it has registered a weekly gain of more than 12%. According coin market capAt the time of writing, Fifth note of the musical scale was valued at $23.58 with a market capitalization of over $8.9 billion.

The same was true for SOL’s on-chain metrics, which looked sharp. For example, SOL grew in demand on the derivatives market, as suggested by its Binance and DyDx funding rates.

positive vibes all around Fifth note of the musical scale There was also an increase in SOL, which shows investors’ confidence in SOL.

However, SOL’s growth activity was worrisome as it eased last week, which is generally a negative sign.

Source: Feeling


Please enter your comment!
Please enter your name here


Prime Minister Modi will fly the flag of the new Vande Bharat! Tea gardens will be seen in a comfortable journey, new train...

reflexesNew Vande Bharat will run between Guwahati and Jalpaiguri.This will be the country's 11th Vande Bharat couple.It will run at a speed of 110 kilometers...

In which sector will the salary increase the most this year, where is the road to work open? It’s all in this report! ...

reflexesThe average salary in India is expected to rise 10.2 percent in 2023.In the year 2023, the highest salary increase of 12.5 percent is estimated...

Apple wanting to finish work from home, orders employees to come to the office 3 days a week, those who do not come will...

reflexesSince last year, the company has been emphasizing calling employees into the office.Now it is mandatory to come to the office and work for 3...

Delhi Mumbai Expressway: ‘Someone’ is obstructing work, NHAI can’t do anything, it will take longer to complete money moguls

reflexesRs 11,120 crore will be spent on the construction of the expressway in Madhya Pradesh. Construction work will not be completed in the state on...

Most Popular