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• Solana NFTs have seen a surge of over 100% in buyers and sellers.
• The most actively traded NFT collections on Solana include MadLads, The Box and Famous Fox Federation.
• Despite CoinMarketCap’s data indicating a 1.30% decline in SOL’s price over the past 24 hours, it is currently being traded at $20.64, boasting a market capitalization exceeding $8.2 billion.

Solana NFTs Register Over 100% Increase

Solana has witnessed an unprecedented expansion in its non-fungible token (NFT) ecosystem over the past week with both buyers and sellers surging more than 100%. The latest data indicates that the number of transactions have also increased significantly, while sales volume decreased by 9.20%.

Leading NFT Collections on Solana

MadLads topped the list of most actively traded NFT collections on Solana during the last seven days with a trading volume of 87,000 tokens. Following close behind was The Box and Famous Fox Federation, claiming second and third spots respectively on the leaderboard.

SOL Price Performance

Despite CoinMarketCap’s data showing a slight dip of 1.30% in SOL’s price over the last 24 hours, it is currently valued at $20.64 with a market capitalization exceeding $8.2 billion dollars.

Recent Developments

IOVLabs recently announced their launch of a $ 2 .5M grant program to further support innovation in the blockchain space as well as encourage developers to build applications on Bitcoin SV (BSV). Binance also revealed plans to support Terra Classic’s major upgrade which could potentially affect LUNA prices across markets worldwide.
       

Conclusion

 The recent developments in the blockchain industry along with impressive performance from leading NFT collections indicate an optimistic future for Solana and its native token SOL which is currently being traded at $20.64 with a market cap exceeding 8 billion dollars