December 19, 2024

CryptoInfoNet

Cryptocurrency News

As Solana NFTs remain dire, will this update help matters?

As Solana NFTs remain dire, will this update help matters?



Solana Mobile announced a reduction in Saga’s price. 
SOL’s price chart was green, and indicators were bullish. 

Solana [SOL] has witnessed a massive decline in its NFT ecosystem over the last 30 days. Not only did its sales volume decline, but a triple digit plummet was noted in terms of the number of sellers. However, are there chances of things getting better?

Is your portfolio green? Check out the Solana Profit Calculator  

Solana’s NFT ecosystem has concerns to address

CryptoSlam’s data revealed that Solana’s NFT sales volume plummeted by more than 56% last month. To add to the misery, its number of sellers dropped by a whopping 4131%.

In fact, the blockchain has also witnessed a few popular NFT collections, such as y00ts, migrate to Polygon [MATIC] in the past. Interestingly, y00ts has made a strategic decision to ignore the possibility of a move back to Solana and announced its migration to the Ethereum [ETH] blockchain. 

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