Solana Non-Fungible Tokens Ignore Blockchain Pressure

Despite the fact that there is a lot of pressure on the cryptocurrency market and the Solana blockchain with their token is no exception, in general, the NFT token segment shows good results. Non-fungible tokens operating on the Ethereum and Solana blockchains show particular durability.

Due to news from FTX and Alameda Research, the Solana blockchain token was particularly impacted and the coin lost value. Regardless, the non-fungible tokens that circulate on the SOL blockchain seem to be doing pretty well. For example, the so-called “blue chips” of Solana-based NFT tokens over the past month have shown an unexpected steady increase in the minimum prices for various tokens, and the SF NFT Index has grown by about 4% over the past day.

The DappRadar portal shared this data. Based on the data, the y00ts and DeGods collections, which are in the Solana blockchain, have actively established themselves in the top twenty of the most popular NFT collections and are not going to leave the top 20 yet. It is worth noting that Magic Eden, which was launched quite recently, is very popular among fans of trading in non-fungible tokens. The marketplace operates on the Solana blockchain, and only recently the platform administration announced the addition of support for the Polygon network.

The crypto trader MoonOverlord did not stay away from this news, who in his Twitter account confirmed the popularity of non-fungible tokens on the Solana blockchain. According to him, two collections circulating on the SOL network in the last 24 hours have become the most popular in the world. This fact shows all the prerequisites for improving the situation of Solana in the world of cryptocurrency assets. MoonOverlord believes that if users do not neglect this blockchain even in such difficult times, then after the end of the crypto winter and the rise of Solana, things will go even better there.

Chris Berniske, one of the founders of Placeholder venture company, also gave his commentary on the current situation. He called it charming that the buyers of Ethereum and Solana tokens absolutely do not care what happens in the world of cryptocurrencies.

Recently, the Sotheby's marketplace has also stood out from its competitors. The platform put up for sale a new collection of non-fungible Pudgy Penguins tokens that run on the Ethereum blockchain. "Penguins" according to Sotheby's have found huge popularity among fans of the cryptocurrency market.

At the moment, the Solana blockchain is close to entering the top 10 ranking of the largest decentralized networks according to the DefiLlama portal. In this list, SOL is on the 11th line. Solana currently supports 89 protocols from the decentralized finance sector. At the same time, the total value of fixed assets exceeds $280,000,000.