Solana NFTs Outshine Cardano NFT Buyers
Solana NFTs have outperformed Cardano, with 3520 buyers in the past few days up by 2226.47%. Currently ranked 2nd on CryptoSlam, SOL NFTs have fallen by 5.90% in sales, while ADA NFTs have only recorded $162,514.
Solana NFTs also experienced a 36.55% increase in wash trading, while ADA saw a 20.81% increase.
Solana’s increased NFT sales may not reflect growing interest, as low-cost transactions make it easy to fake volume. Despite this, the project outperforms Ethereum, which has sold $8 mn in NFT sales, registered 12,150 buyers, and has a 7.75% decrease in wash trading.
Despite the drop, Solana’s increased activity remains a significant factor in the cryptocurrency market.
(With inputs from Shikha Singh)
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