Solana’s NFT Space updates look promising, but what about for SOL? money moguls

  • Solana’s NFT sales volume decreased, but transactions per event increased.
  • TVL and the token price increased last week, but some metrics were bearish.

Solana Mobile recently made a big announcement that could potentially have ramifications. Solana (SUN) Ecosystem. As of the announcement, the entire SAGA product design files became open source.

The files that Solana is posting are sufficient for anyone looking to create their own physical assets for Saga, whether for commercial or personal use. As part of the statement, Solana Mobile made two documents available.

The first was the Saga Interface Control document, a collection of 2D drawings depicting the phone. The second was SAGA 3D Surface, an IGES file that works with almost all engineering modeling programs.

Reading Solana (SOL) Price Prediction 2023-24

Solana NFT Troubled Space?

cryptoslam Statistics It was learned that Solana’s NFT space experienced a huge drop in terms of sales. According to the data, Solana’s NFT sales volume decreased by around 30% compared to the previous month, which seems worrying.

However, with the new Solana Mobile announcement and a few other partnerships, things may be about to change. One of the recent Blockchain partnerships is with Crossmint. The latter recently revealed the release of its new compression API in collaboration with Solana, Metaplex and Helios.

It was interesting to note that NFT transactions per event at Solana have increased lately, despite a drop in sales volume. Magic Eden, one of the largest NFT marketplaces, also showed a increase In transaction by program for Solana.

Source: Doon

Improve network health

Another piece of good news for blockchain was that it saw an increase in its network value.

A look at DeFiLlama Statistics It was learned that the total value locked (TVL) of the blockchain has increased rapidly in recent days.

besides, solariumDEX volume has also increased since the BONK crowdfunding in January last week, which looks promising.

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

SOL makes investors happy

SOL price action has been quite bullish, thanks to current market sentiment. According coin market capThe price of the SOL has increased by more than 10% in the last 24 hours.

At press time, it was trading at $22.29 with a market capitalization of $8.5 billion. However, a trend change cannot be ruled out as some of the metrics were bearish.

For example, Fifth note of the musical scaleThe last pump did not reach the volume, which is a negative sign in general. Weighted sentiment has declined in recent days, suggesting low investor confidence in SOL.

Although SOL development activity increased compared to the previous week, the chart was still trending down, which is also a negative for a network.

Source: Feeling

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