Solana NFTs: The Catalyst for SOL’s Surging Success?

Solana’s NFT Volumes See Growth Driven by Blue-Chip Collections

Solana’s growth in recent months has been largely attributed to the popularity of meme coins and decentralized exchanges on its network. However, a new trend has emerged with NFTs driving growth on Solana. The Blue Chip Solana NFT index has experienced a significant surge in volume, increasing by 27% in the last week alone. This growth has been spearheaded by famous NFT collections such as MadLads, Tensorians, and Solana Monkey Business. While the total floor value of these collections has declined, it suggests that many addresses are taking advantage of the discounted prices of Solana NFTs.