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