Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report


Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase.

According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.5 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history.

Source: DappRadar

Trending: After Days of Pressure, Kathy Barnette Releases a DD-214

Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase.

Many new hyped NFT projects also contributed to the growing trading volume, especially Otherdeeds, which generated $760 million within 24 hours. The success of Otherdeeds turned out to be bittersweet, as it led to high gas fees of up to 2.5 Ether (ETH) at the

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend