• Solana NFT volume has surged over 120% in the last 24 hours.
• Solana Blue Chip NFT Index has also seen a 10% increase in the last 24 hours.

The Solana [SOL] NFT space has experienced a surge in activity over the past few days, as recent data indicates. How has this recent uptick in activity affected the NFT trade volume and the value of SOL?

How much are 1,10,100 SOLs worth today?

Solana NFT volume surges

As of 24 August, according to a post by Step Data Insights, Solana emerged with the highest NFT sales volume within the last 24 hours. The post unveiled a nearly 20% surge in sales volume for Solana, in contrast to Ethereum [ETH], which experienced approximately a 3.4% increase during the same duration.

However, a more comprehensive analysis of the volume data on Crypto Slam revealed a more substantial escalation in sales volume. As of this writing, the sales volume had skyrocketed by over 124% within the past 24 hours.

Furthermore, while Solana trailed behind Ethereum regarding trade volume denominated in USD, it outpaced Ethereum regarding the number of sales within the same timeframe. As of this writing, the cumulative sales volume had accrued to approximately $2.2 million.

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Author: Adewale Olarinde

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