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Decline in Solana NFT Sales Volume below $1 Million Revealed along with Latest NFT News

Decline in Solana NFT Sales Volume below $1 Million Revealed along with Latest NFT News

NFT Sales Volume Rises to $33.6 Million

Today, the sales volume of non-fungible tokens (NFTs) has increased by 7.25% in the past 24 hours, reaching $33,596,036. According to CryptoSlam, there has been a 13% increase in buyers, a 20% increase in sellers, and a 1% increase in transactions.

Top Collections: Pandora Takes First Place

In terms of sales volume over the last 24 hours, the top collection is Pandora, with $6,748,549. The best performer among these collections is y00ts, which has seen a remarkable 1,513% increase and now holds the fourth spot with $953,492. Mutant Ape Yacht Club is the second-best performer, rising 594% to $780,584 and claiming seventh place. Only two collections among the top ten have experienced a decrease: Uncategorized Ordinals (-23%) and Dokyo (-46%).

Solana NFT Sales Volume Drops Below $1 Million

After a five-hour outage on Tuesday, operations on the Solana network have resumed. However, this incident has affected the price of the native SOL token as well as Solana NFT sales volume. In the past 24 hours, Solana’s sales volume has dropped by nearly 44%, amounting to $712,096 and placing it in sixth position. Previously, Solana was competing with Bitcoin for second place but has now fallen behind Ethereum and Bitcoin with only $8 million in sales volume.

OpenTheta Announces NFT Collection: Oties

OpenTheta, an independent decentralized NFT launchpad and marketplace on the Theta Network, has revealed its own NFT project called Oties. This collection is a collaboration with comic artist Rob Feldman. While there are no details available yet, OpenTheta has promised to share more information and a whitepaper soon. OpenTheta currently hosts collections such as ThetaPunks, ThetaPugs, Legendary Dragons, and TraderPunks.

Pattern Integrity Films Joins Theta Network

Pattern Integrity Films, a Webby Nominated filmmaking team, has transitioned from the GameStopNFT Marketplace to the Theta Network’s native NFT Marketplace, ThetaDrop, and Theta Web3 Theatre. This move allows Pattern Integrity Films to explore more innovative NFT collections and collaborations while solidifying its position in the Film3 industry. The team has previously launched collections on the GameStop NFT Marketplace and will continue their docuseries on ThetaDrop.

Hot Take: NFT Sales Volume Shifts Across Platforms

The sales volume of NFTs continues to fluctuate across different platforms. Solana has experienced a significant drop in sales volume, falling below $1 million. Meanwhile, OpenTheta has announced its own NFT collection called Oties in collaboration with comic artist Rob Feldman. Additionally, Pattern Integrity Films has made a transition from the GameStopNFT Marketplace to the Theta Network’s marketplace and theater. These shifts highlight the dynamic nature of the NFT market and the opportunities for creators and collectors to explore new platforms.

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Decline in Solana NFT Sales Volume below $1 Million Revealed along with Latest NFT News