Of all the decentralized platforms, Ethereum and Solana host the best NFT pools. While the rest of the market suffers massive drops in value, NFT trading for these two protocols seems to be defying the current conditions.
According to DappRadar, the groups y00ts and DeGods are currently performingHe. She List of NFT holdings on Solana. Markets such as OpenSea and Magic Eden are primarily used for trading. Besides y00ts, LILY was also among the most popular network groups yesterday.
Chris Borneske, co-founder of crypto investment firm Placeholder, pointed to the current upward trend in sales numbers via Twitter.
More launches on Solana and other blockchains
Although NFT trading volume appears to be declining overall, Sotheby’s Market is now also selling Pudgy Penguins NFTs. The platform summarized its estimate of the group’s sales volume in the following words:
“With a retail volume of over $200 million, the Penguin brand has won people’s hearts with its positive spirit and cute looks.”
In addition, the auction house Also the Soulbound Token (SBT) project, which is a non-transferable tokenEnter into the Pudgy Penguins ecosystem.
Sol: FTX Traces
Interestingly, after the FTX crash, Solana seems to be struggling against the weak trend in NFT selling. In the last 30 days, it has been The floor price of Solana (SF) blue chip NFTs In addition to. In the last 24 hours alone, the SF NFT Index is up 5%.
According to on-chain analyst Decentrader, Pudgy Penguins also stands out from the overall bearish trend with its positive performance.
According to DefiLlama, Solana Currently the 11th largest decentralized network with a locked gross value (TVL) of $285.24 million and 89 records. Despite the decline of TVL, the release of new node 1.13.5, as part of the latest update, is good news.
According to Anatoly Yakovenko, co-founder of Solana Labs, it was installed last week.
The upgrade aims to increase the current validator count to avoid future outageswhich has plagued the network many times in the past.
Over the past 24 hours, SOL has been trading between $11.68 and $13.15, respectively.. The coin has lost 10% of its value in the past week.
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