- Solana NFTs rose to 39,000 between September 4 and September 7.
- Although NFTs are facing a bear market, SOL NFT miners are reported to have reached 300,000.
Solana is currently among the top 10 most valuable cryptocurrencies. After the growth of NFT, SOL currently occupies the ninth position. The mutation is currently sensed by NFTs in SOL.
The number of miners in SOL NFTs has reportedly reached 300,000. Despite the presence of non-fungible tokens in a bear market, Solana-based NFT activity is booming. As of September 7, NFTs created by Solana or created using its blockchain have increased by 312,000, and have consistently reached highs of 39,000 since September 4.
On September 6, Solana-based NFTs hit $11.5 million across all markets, the highest since May. As a marketplace for SOL NFTs, Magic Eden was introduced in September. By September 7, its market share had grown from 12% to 36.6%.
There is a lot of activity in NFT trading for SOL. For the larger market, this is positive. After a significant decline earlier in the year, the popular NFT market volumes have not fully recovered.
Flourishing Solana Ecosystem
Major projects, such as Bored Apes Yacht Club and Pudgy Penguins, were first minted on Ethereum, while SOL-based NFTs have historically made up only a small part of the entire ecosystem of irreplaceable collectibles and digital art.
Chase Parker, Head of Developer Ecosystem at the SOL Foundation, said on Twitter:
I remember once (last year) that ‘some people laughed at Solana NFTs’
The team behind NFT’s DeGods and y00ts groups, Dust Labs, announced earlier this week that it had raised $7 million. Similarly, it reported $9.6 million in secondary sales of its “y00ts mint t00b” line in September. Solana Ventures, Jump and FTX are funders of Dust Labs.
Despite the sour market, the Solana ecosystem is still expanding and diving well.
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