Solana’s NFT ecosystem shines bright but metrics struggle, decoding ‘why’

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Solana’s NFT ecosystem shines bright but metrics struggle, decoding ‘why’
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Solana registered growth in its NFT ecosystem over the last few days. Metrics did not react accordingly, but things might change soon. Solana [SOL] developers have been stepping up their game for a while now with several new updates and integrations that help increase the capabilities and offerings of the network. One of the latest […]

Furthermore, Helius, a developer platform exclusively for Solana,NFT collection webhooks. With this, users can set up a webhook for their NFT collection effortlessly.

Interestingly, apart from this launch, growth was also noted in Solana’s NFT ecosystem. Santiment’s chart revealed that the total number of NFT trade counts and trade volume in USD went up during the last seven days.Though these updates looked optimistic for SOL, its on-chain performance during the last week was not up to par. SOL lost its spot on the list of the top 10 cryptos in terms of market capitalizationvolume also decreased in the last few days, which was a negative signal.

of the top crypto projects by social activity. The 1 week’s price volatility also decreased as SOL’s price went down by 2% in the last week.

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