Solana [SOL] witnessed some traction in its NFT ecosystem last week as a few popular collections migrated back to SOL.
The NFT ecosystem boomed last week as sales across multiple chains increased. AMBCrypto’s look at NonFungible’s data revealed that the total number of NFT sales last week increased.While the market grew, Solana onboarded popular NFT collections like y00ts and DeGod, which had migrated to other chains earlier.from SolanaFloor, SOL’s NFT sales reached $25 million in the last seven days. The number was commendable, as Polygon’s weekly NFT sales stood at a mere $8 million.
AMBCrypto’s look at DappRadar’s data revealed the top-performing collections on Solana. Both y00ts and DeGods made it to the top 5, along with Mad Lads, Frogana, and SMB Gen 2.To see whether Solana continued to dominate Polygon, AMBCrypto checked their last 24 hours’ performances. As per our analysis, Solana continued to outperform Polygon.However, it was interesting to note that despite high sales volume, SOL’s total transactions dipped by more than 10% while Polygon increased by 17%.
Ethereum’s total number of buyers, sellers, and transactions all increased by 9.8%, 8.9%, and 12%, respectively, in the past 24 hours.In fact, in the last 24 hours alone, it surged by 6%. At the time of writing, SOL was trading at $155.92 with a market capitalization of over $69.7 billion, making it the fifth-largest crypto.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry.
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