Solana [SOL]: Did NFT volume, sales go awry amid market recovery

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Solana [SOL] NFT investors were among the most profitable investors in the first quarter (Q1) of 2022. According to data from Messari, Solana experienced growth in many aspects at the time. Despite a drop in crypto prices in the second quarter (Q2), Solana remained on top of amassing massive trading volume. Interestingly, the price of […]

Despite a drop in crypto prices in the second quarter , Solana remainedInterestingly, the price of SOL, at the time of writing, increased by 37.25% over the last seven days. However, in the previous 24 hours of press time, the layer-1 cryptocurrency registered a 5.83% growth.Leading Solana NFT data platform Solana Floor reported that most collections had not improved significantly. Investors would most likely have expected an uptick in sales, volume, or floor price.

Traders on major marketplaces have also reduced. MagicEden stood at a 6.64% decrease, and Solanart at a 66.67% fall off.Despite the dismal performance of Solana NFTs, the open-source blockchain continues to partner with other NFT projects.Join the Solana Foundation Treasure Hunt to collect Dopamine NFTs and redeem them at the Solana Compound for VIP passes, swag, and more!

 

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