• Solana handled more than $7 million in NFT sales in the last 24 hours.
• SOL dropped lower in the last 24 hours but a rebound to $200 didn’t seem too far away.

Meme coins, decentralized exchanges (DEXs), and now non-fungible tokens (NFTs). Is there any sector left where the Solana [SOL] ecosystem wasn’t growing?

Another high for Solana

Solana surpassed Bitcoin [BTC] to log the second-highest NFT sales volume in the last 24 hours, according to AMBCrypto’s analysis of CryptoSlam’s data. While volume for Solana-based NFTs exceeded $7 million, NFTs on Bitcoin fell short of the mark at $6.9 million.

On the weekly front, Solana remained at the third spot with more than $45 million in cumulative sales.

The surge was driven by Tensorians, a collection launched by NFT marketplace Tensor, and Mad Lads, the marquee profile picture (PFP) collection.

Mad Lads registered weekly sales of more than $7 million, representing a 7% increase. It accounted for 15% of the Solana’s total NFT volumes over the week.

Similarly, Tensorians logged over $4 million in NFT sales, after a whopping 131% jump. Sharp uptick was also observed in the number of transactions, buyers, and sellers.

While it might be too early to predict, Solana could challenge traditional powerhouse Ethereum [ETH],

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Author: Aniket Verma

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