ecosystem has been one of the most successful ecosystems in the crypto space over the past few months. One of the reasons for the same would be the high volume for Solana NFTs.However, the NFT volume wasn’t being driven by blue chip collections on the Solana network.
This indicated that the NFT volume was driven by new NFTs that were being created on the Solana network that haven’t gained too much popularity.However, Solana’s performance in other areas, such as the DeFi sector, is also important in determining how the protocol and its ecosystem do in the long run.
Since the 1st of April, SOL’s price declined by 26.59%. However, after reaching below the $161.28 level, the price of SOL started to consolidate.
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