Solana is outshining Ethereum in several areas, including NFT sales, where it boasts higher daily volume compared to Ethereum. In addition to this, SOL meme coins are performing exceptionally well in the market, with nearly all of them seeing gains.
As the crypto market shifts towards a bullish trend, some blockchains are gaining more attention. Notably, Solana is outpacing Ethereum in several areas. On-chain data shows that Solana has now surpassed Ethereum in daily NFT sales volume.
Solana Outperforms Ethereum in NFT Sales and Meme Coin Performance
Solana is showing impressive growth compared to Ethereum. According to SolanaFloor, Solana NFTs have reached a sales volume of $6,931,107, marking a significant 149.64% increase. In contrast, Ethereum NFTs have only seen a 26.87% rise, with a current sales volume of $4,287,083.
Source: X
In addition to its success in NFTs, Solana is also leading in the meme coin sector. SOL meme coins are outperforming their Ethereum counterparts, with all SOL meme coins signaling bullish trends and moving upwards. This strong performance suggests that SOL may see a positive impact on its price as the week progresses.
SOL Meme Coins Show Impressive Gains Over the Past Week
In the past week, SOL meme coins have experienced notable surges. Dogwifhat (WIF) has increased by 20.3%, BONK by 16.9%, and BOME by 11%. POPCAT has seen a significant rise of 45.5%, MEW is up by 18.7%, and PONKE has surged by 35%.
Other meme coins following this trend include WOLF with a 7% gain, MICHI up by 75.3%, SLERF rising by 4.6%, WEN increasing by 36.4%, and BILLY showing a remarkable 161.4% jump. The bullish trend continues with MANEKI up by 12.6%, GIGA skyrocketing by 261%, SC up by 28.8%, HARAMBE gaining 79%, and BULL rising by 47.1%.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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