How Solana’s NFT market surpassed Ethereum’s – A 30-day snapshot

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Solana [SOL] has once again dominated its competitors like Ethereum [ETH] in the NFT space over the past month. Now, while this seems...

in the NFT space over the past month. Now, while this seems optimistic at first glance, there might just be more to the story. Let’s have a look at how both of these NFT giants fared against each other.underlining the latest datasets from the NFT ecosystem. According to the same, Solana is now ranked #1 on the list of blockchains in terms of the most NFTs created in the last 30 days. Apart from Solana,Here, what is also worth mentioning is that Ethereum took the 10th spot on the list.

While the aforementioned datasets imply one thing, a look at the bigger picture might imply something different entirely. For instance, AMBCrypto’s analysis of CryptoSlam’srevealed that while Solana’s monthly NFT sales volume was merely $99 million, Ethereum’s sales volume stood at $193 million.While Solana’s performance in the NFT space remained positive, SOL’s price action once again turned bullish. According to, SOL’s price surged by over 2.5% in the last 24 hours.

Thanks to the latest price uptick, the token’s weighted sentiment hiked too. This meant that bullish sentiment around the token was dominant in the market. Additionally, its social volume also appreciated on the charts, highlighting SOL’s popularity.However, this trend might not last as a key derivatives market indicator flashed bearish signals at press time. Coinglass’ data revealed that Solana’s long/short ratio fell over the last 24 hours.

Here, a low ratio is a sign of bearish sentiment, where there is more interest in selling or shorting assets.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.Subscribe to get it daily in your inbox.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 22. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Solana NFT market update – Why SOL’s hike to $160 may have done the trickSolana NFTs saw improvements in some of its key metrics in the last seven days, but the network remained third in sales volume...
출처: CryptoAmb - 🏆 22. / 68 더 많은 것을 읽으십시오 »

Solana NFT volumes rise: Impact on SOL’s market performanceThe volume of NFTs on Solana surged, exceeding that of both Bitcoin and Ethereum. How will SOL be impacted by this?
출처: CryptoAmb - 🏆 22. / 68 더 많은 것을 읽으십시오 »