Solana continued to dominate the NFT ecosystem last month in terms of total unique traders, hitting 308,000, surpassing major blockchains like Bitcoin and ETH, which had 129,000 and 74,000, respectively. Polygon and Aptos follow closely behind with 69,000 and 31,000 unique traders, respectively.
Source: X
Solana also outperforms the rest with a whopping 5.2 million monthly NFT transactions. On the other hand, the quantities of BTC and ETH are at 550k and 437k respectively.
DappRadar's data shows that STEPN, Mad Lads and Famous Fox Federation were the top 3 NFT collections on Solana over the past 30 days.
Source: DappRadar
NodeMonkes, Bitcoin Puppets, and RuneStone are the top three BTC collectors while Bored Ape Yacht Club, Milady Maker, and Mutant Ape Yacht Club dominate the Ethereum blockchain.
Interestingly, despite topping the rankings, Solana's monthly NFT sales are down more than 45%. Similar downward trends were also observed on the BTC and ETH networks, losing about 62% and 52% respectively.
However, the number of SOL buyers and sellers increased by double digits, reflecting high activity.
Source: Cryptoslam
Status of SOL, BTC and ETH
While the NFT market saw a change in trend last week, the prices of all three tokens fell on the weekly timeframe despite showing signs of improvement during the day.
BTC and ETH prices increased slightly by 0.3% and 1% on the day as SOL increased by more than 3%. However, on the weekly timeframe, BTC, ETH, and SOL prices are down 4.7%, 2.7%, and 7.8%, respectively.
Source: Coinmarketcap
Discounting actions also negatively affected the social indicators of all three. The weighted sentiment of SOL, BTC and ETH has decreased, meaning that the bearish sentiment surrounding them is prevailing in the market.
Source: Santiment
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