Solana-Based NFTs Start The New Month Up 15% - Here’s What Driving Its Growth

Solana-Based NFTs Start The New Month Up 15% – Here’s What Driving Its Growth

Updated: 03 October 2023

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Non-fungible token collections hosted on the Solana network are back to an uptrend after massively plummeting in the past several weeks. Solana NFTs have started the new month of October up 15% in sales volume. In this article, we shall explore some of the factors driving the recent market growth:

Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that digital collectibles integrated on Solana, a blockchain network that uses a proof-of-stake consensus mechanism to provide smart contract functionality, have surged slightly this first week of October.

In the past 24 hours, the Solana-based NFT collection has recorded a trading sales volume of $916,217, representing 15.21% from the previous day. Below, we have listed some of the non-fungible token projects that have contributed to the recent surge in trading sales volume.

1. Mad Lads NFTs

Mad Lads is one of the non-fungible token collections pushing the Solana NFT trading sales volume upwards. Launched in April, Mad Lads is an NFT collection featuring a limited edition of 10,000 NFTs hosted on the Solana blockchain. In the past 24 hours, Mad Lads has attracted a sales volume of $130,670. Mad Lads NFTs are up 84% this first week of October.

Source: CryptoSlam.io, Mad Lads NFT Trading Activity

2. The Heist NFTs

The Heist is an NFT collection from the digital asset incubation studio Longwood Labs hosted on the Solana blockchain. The NFT collection allows crypto enthusiasts and gamers to participate in The Heist, a high-stakes, risk-based game of crime, corruption…and bananas. The NFT collection has a significant contribution to Solana NFT sales. In the past 24 hours, The Heist has attracted a sales volume of $45,380.During this period, The Heist NFT sales have pumped 41.30%.

Source: CryptoSlam.io, The Heist NFT Trading Activity

3. AssetDash Vanta NFTs

AssetDash Vanta is an NFT collection featuring a limited edition of 10,000 NFTs hosted on the Solana network. Asset Dash Vanta has significantly contributed to Solana NFT sales this week. In the past 24 hours, AssetDash Vanta NFTs have attracted a trading sales volume of $36,333. During this period, AssetDash Vanta NFTs are up 73.29%.

Source: CryptoSlam.io, AssetDash NFT Trading Activity

4. Reavers NFTs

Reavers is another NFT collection pushing Solana NFT trading sales volume upwards. Launched in August, Reavers is an NFT collection from the NFT market platform Tensorians, which features a fixed set of 10,000 NFTs. In the past 24 hours, Reavers NFT has recorded a trading sales volume of $30,103. Reavers NFTs have spiked 11.36% in sales this week.

Source: CryptoSlam.io, Reavers NFT Trading Activity

5. Tensorians NFTs

Tensorians is another NFT collection that significantly contributed to the Solana NFT sales volume spike this week. In the past 24 hours, Tensorians NFT collection has attracted a trading sales volume of $15,730, closing our top five NFT list this week. Tensorians NFT sales volume is up 34% this week.

Source: CryptoSlam.io, Tensorians NFT Trading Activity

Why Are Solana NFTs Pumping?

Solana NFT is an NFT collection built on the Solana blockchain, which is fast and affordable. The network is popular among the NFT and DeFi diehards, who require prompt and cheap blockchain solutions. Solana NFT development keeps attracting young, energetic groups of developers and artists looking to develop new projects on the decentralized ledger. More new NFT projects in the Solana NFT market are responsible for the recent surge.