As Bitcoin (BTC) Price Rises Above $22,000, Solana (SOL) Has Massive Increase In NFT Coin Volume With DailyCoin

(SOL) witnessed the second biggest gain among the top ten cryptocurrencies by market capitalization in the last 24 hours, trailing only (BTC), which rose 2.74% to trade at $22,182. Solana rose 2.5% to USD 35.45.

Apart from the recent price increase, Solana has seen a significant increase in its NFT ecosystem in a brief period. The network had just 77.79K mints at the beginning of the month, while Solana NFT coins set an all-time high on September 7, reaching 300,000.

Solana remains an attractive location for NFT trading

The Solana ecosystem continues to be an attractive place for NFT trading. Solana NFT marketplace sales volume has reached its highest level since late May, while the largest NFT blockchain, , has seen a 10.7% decrease in sales volume, reaching $72.6 million, according to CryptoSlam.

On the other hand, Solana has seen an astounding 123.7% increase in sales volume, totaling $39.36 million.

Solana News tweeted the top NFT collections by sales volume in the last 24 hours. “Yoots: Mint Toobs” topped the chart with $426.1K in sales since September 11. This collection was quickly followed by “Solana Name Service”, which completed $425.4ki transactions on September 12th.

We’re here to give you a deeper insight into the @solana NFT space! Presenting the weekly top #NFT collections by daily sales volume Data powered by: @hyperspacexyz @JerryFMG @bonfida @psykergame @TrippyBunnyNFT #SolanaNFT #Solana #SOL image. twitter.com/GABiGiwqAV

— Solana News (@SolanaNews) September 12, 2022

On the other side

• Solana’s network has had all kinds of problems in recent months: attacks, congestion and outages, which have reduced the performance of the blockchain.
• Since its launch in 2020, Solana has had at least seven network outages caused by various overloads and spam incidents. One of the longest outages in September 2021 lasted up to 17 hours.

Why you should care

While Solana is not yet on par with Ethereum, it has recently seen widespread adoption. The latest venture will increase Solana’s market prominence as it strives to climb the charts on all fronts.

Read more about the development of Solana’s (SOL) ecosystem:

Number of Solana (SOL) transactions approaches 100 billion despite rough 2022

Solana CEO says network outages have been the “bane” of low-cost transactions

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