Solana NFT volume shows signs of strength – Cryptonium News

Solana NFT volume shows signs of strength

NFT’s Solana transaction size shows signs of ecosystem strength, despite the fact that the individual token has dropped 94% in price over the past year.

According to The Block’s data dashboard, Solana has never lost second place to Ethereum heading into 2022, despite the market downturn around July.

Despite the good month, there is potential for disruption as Solana’s beloved NFT DeGods plan and the y00ts spin-off collection bring huge transaction sizes. Both are being placed in Ethereum to beat out other NFT blue chip plans such as Bored Ape Yacht Club.

Solana is up more than 15% in the past 24 hours. After falling last month, Avalanche native AVAX has been above market cap for some time.