The NFT market was one of the few sectors where Solana witnessed positive and consistent growth. The increasing interest in‘s data
, it was observed that the Solana Blue Chip Index had moved in a positive direction over the past 30 days. Coupled with that, the total floor value for Solana’s NFTs increased as well. Solana’s total floor value had gone from $154 million to $253 million in the last month.However, despite the improvements witnessed in the Solana ecosystem, its TVL was massively affected over the last month.
Based on information gathered from DefiLlama, Solana’s TVL fell from $1 billion on 1 November to $256 million at the time of writing. Subsequently, the fees generated by Solana decreased as well. According to Token Terminal, Solana’s collected revenue declined sharply after 7 November.Source: Token TerminalRead the best crypto stories of the day in less than 5 minutes