Evening
Solana have been enjoying a nice pump, with being the best performer among the top ten coins. Solana has jumped to as high as $128.75 in past 24 hrs, a level not seen since January 21. As per CoinMarketCap, Solana has posted 12% gains in last 24 hrs and 21% gains in seven days and is currently trading at $124.38. Other top performer is Avalanche with 10% gains in last seven days.
The major reason behind Solana leading the crypto market bulls is the increased NFT demand on it after yesterday’s news of OpenSea listing Solana NFTs in April.
The news of OpenSea doing development work to allow Solana NFTs have been around since January due to leaked images by blogger and hacker Jane Manchun Wong.
As per data from CryptoSlam, daily Solana NFT trading volume spiked by 80% to about $13 millions following the news. Whereas Ethereum still remains the largest chain in terms of daily NFT trading volume of more than $70 million, but still Solana pulling $13 million NFT trading volume is significant. Among NFT collection on Solana Degenerate Ape Academy and DeGods have been the biggest beneficiary to recent rush to Solana NFTs.
Solana remains the second biggest chain in terms of NFT trading volumes after Ethereum and its share is certainly bound to increase with exposure to a wider audience of the biggest NFT marketplace 'OpenSea'.
NFT traders are already pouring money in Solana NFTs in anticipation of pump. Meanwhile, Metaverse and NFT gaming platforms built on Solana are also reaping benefits from the hype, posting significant gains.