Solana NFTs: All about surging volumes and shifting dynamics The

Solana NFTs: All about surging volumes and shifting dynamics The Solana [SOL] NFT space has experienced a surge in activity over the past few days, as recent data indicates. How has this recent uptick in activity affected the NFT trade volume and the value of SOL? As of 24 August, according to a post by Step Data Insights, Solana emerged with the highest NFT sales volume within the last 24 hours. The post unveiled a nearly 20% surge in sales volume for Solana, in contrast to Ethereum [ETH], which experienced approximately a 3.4% increase during the same duration. However, a more comprehensive analysis of the volume data on Crypto Slam revealed a more substantial escalation in sales volume. As of this writing, the sales volume had skyrocketed by over 124% within the past 24 hours. Furthermore, while Solana trailed behind Ethereum regarding trade volume denominated in USD, it outpaced Ethereum regarding the number of sales within the same timeframe. As of this writing, the cumulative sales volume had accrued to approximately $2.2 million. According to insights gathered from Solana Floor, it was evident that the surge in activity was not confined solely to daily trading volumes; the seven-day trading volume also experienced a positive upswing. As of this writing, the seven-day volume had escalated by 12%, amassing nearly $5 million in USD volume.