Solana's NFT ecosystem reached a milestone last week that looked optimistic. While Solana's NFT ecosystem has boomed, the price of the network's base currency is still under bear control.
So what's going on with Solana?
Solana's latest achievements are NFTs
SolanaFloor, the popular X platform account for posting updates regarding the Solana ecosystem, recently posted a tweet highlighting an interesting development. The tweet stated that Solana's NFT trading volume in the past seven days has exceeded more than 100,000 US dollars.
AMBCrypto's look at CRYPTOSLAM data revealed that the number of NFT buyers on the blockchain increased by 125% last week.
Likewise, Solana's number of NFT sellers has also increased by more than 66% in the past seven days. DappRadar data revealed that MadLads was Solana's top NFT collection for the week.
Famous Fox and Stepn also made it to the top three on the same list.
However, it was surprising to note that despite the huge rise in the number of buyers and trading volume, Solana's NFT sales volume declined by more than 4%.
An analysis of Santiment data also revealed that the number of Solana NFTs traded declined last week.