• Solana NFT first-time wallets grew by over 30%
• SOL’s price re-entered the $160-zone on the charts

There has been a significant surge in first-time wallets engaging with Solana NFTs over the last seven days, particularly within top collections. This uptick in activity indicates growing interest and participation in the Solana NFT ecosystem. While other metrics have also recorded hikes in recent days, metrics such as transaction volume and activity, Solana is still ranked behind major platforms like Bitcoin and Ethereum.

Solana NFT attracts more first-time users

As per recent data from Tiexo, there has been a slight hike in Solana NFT volumes over the last seven days, primarily driven by top collections. At the time of writing, the volume was around $28.72 million. This pointed to a 1.43% increase, compared to the previous week. Similarly, Solana Floor reported a 24-hour volume of around $3.8 million, marking an appreciation of 4%, at the time of this writing. 

Additionally, Tiexo revealed an 18% hike in unique wallets over the past week, totaling around 180,000. Notably, first-time wallets saw the most significant growth, climbing to over 56,000 – A surge of over 39% within the same period.

Also, the total floor value of Solana NFTs, according to Solana Floor data, stood at approximately $438 million, at press time. 

Solana lags behind Bitcoin and Ethereum

Over the past week, Solana NFT volumes recorded just a modest increase, maintaining its position among the top three platforms. According to data from
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Author: Adewale Olarinde

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