{"id":321631,"date":"2023-06-20T06:00:01","date_gmt":"2023-06-20T00:30:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=321631"},"modified":"2023-06-20T12:12:49","modified_gmt":"2023-06-20T06:42:49","slug":"solanas-metrics-rise-heres-how-nfts-helped","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/solanas-metrics-rise-heres-how-nfts-helped\/","title":{"rendered":"Solana&#8217;s metrics rise &#8211; How NFTs helped"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Solana saw a daily transaction volume of over 24 million.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">NFT trade volume saw an over 50% increase as the network recorded 90-day stability.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In a remarkable turn of events, the Solana [SOL] network has soared above its peers in transaction volume. This achievement holds significant significance for Solana, considering its previous struggles with downtime and the recent classification of SOL as security.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/solana-profit-calculator\" target=\"_blank\" rel=\"noopener\">Solana Profit Calculator<\/a><\/p>\n<hr \/>\n<h3><b>Solana leads with daily transactions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An 18 June report by <a href=\"https:\/\/twitter.com\/Artemis__xyz\/status\/1670446287777599489?t=UN48sRSGLmk0HXMXm3u2iQ&amp;s=19\" target=\"_blank\" rel=\"noopener\">Artemis<\/a> unveiled the rankings of various blockchain networks based on their daily transaction numbers. Surprisingly, <a href=\"http:\/\/ambcrypto.com\/solana-brings-some-good-news-to-investors-as\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> <\/span><span style=\"font-weight: 400;\"> recorded an impressive $24.7 million in daily transactions, surpassing <a href=\"http:\/\/ambcrypto.com\/tron-shines-on-these-fronts-but-is-that-enough-to-lure-trx-bulls\/\" target=\"_blank\" rel=\"noopener\">TronDao<\/a> and Ethereum [ETH], which only managed to reach half of Solana&#8217;s numbers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This achievement brought positivity to the Solana network, especially considering its recent encounters. Notably, the US Securities and Exchange Commission (SEC) recently classified <a href=\"http:\/\/ambcrypto.com\/solana-prices-take-a-u-turn-as-foundation-argues-sols-security-label\/\" target=\"_blank\" rel=\"noopener\">SOL<\/a>\u00a0as a security.<\/span><\/p>\n<h3><b>Solana NFTs make significant contributions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A fascinating exploration of the <a href=\"https:\/\/solanafloor.com\/\" target=\"_blank\" rel=\"noopener\">Solana Floor<\/a> revealed a remarkable surge in NFT activity within the network. There was an impressive 24-hour volume of over 30,000 SOL traded during the period, equivalent to over $470,000. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This represented a remarkable increase of over 50% compared to the previous 24 hours. Additionally, the platform witnessed a decent number of NFT listings, with over 25,000 listings in the past 24 hours and nearly 8,000 NFT sales completed during this period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A closer examination of the <a href=\"http:\/\/ambcrypto.com\/solanas-key-metrics-register-growth-but-theres-a-catch\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> NFT volume metric on Santiment provided insight into the cumulative value of NFT transactions. As of June 18, the total NFT trade volume amounted to approximately $1.1 million. Also, as of this writing, the volume had reached around $242,000.<\/span><\/p>\n<figure id=\"attachment_321658\" aria-describedby=\"caption-attachment-321658\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-321658\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023.png\" alt=\"Solana NFT trade volume\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Solana-SOL-10.57.45-19-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-321658\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><b>Network maintains 100% uptime in the past 90 days<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Solana network has been criticized due to frequent outages, which significantly eroded trust and raised concerns about its stability. However, examining the network&#8217;s uptime status through its <a href=\"https:\/\/status.solana.com\/\" target=\"_blank\" rel=\"noopener\">status scanner<\/a> revealed a positive stability trend over the past 90 days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This newfound stability has the potential to instill greater trust among users and facilitate increased interactions within the network. Furthermore, the native SOL token could experience heightened utility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the regulatory challenges faced in the United States, there remains a possibility for the <a href=\"http:\/\/ambcrypto.com\/asia-offers-hope-to-solana-and-cardano-amidst-sec-scrutiny\/\" target=\"_blank\" rel=\"noopener\">SOL<\/a> token to garner interactions in regions with more favorable digital asset policies.\u00a0<\/span><\/p>\n<h3><b>SOL price struggles<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">On 18 June, <a href=\"http:\/\/ambcrypto.com\/chatgpt-solana-price-prediction-13\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> experienced a slight decline of over 1% in value, as indicated by its daily timeframe chart. At the time of writing, the token was trading at approximately $15.4, showing a marginal gain of less than 1%.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here&#8217;s <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\">SOL&#8217;s market cap in BTC&#8217;s terms<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">However, the Moving Average Convergence Divergence (MACD) indicator suggested that SOL was still entrenched in a strong bearish trend. As of this writing, the MACD remained below the zero line, signaling a strong downward trend.<\/span><\/p>\n<figure id=\"attachment_321659\" aria-describedby=\"caption-attachment-321659\" style=\"width: 1793px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44.png\"><img decoding=\"async\" class=\"size-full wp-image-321659\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44.png\" alt=\"SOL\/USD daily timeframe chart\" width=\"1793\" height=\"764\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44-300x128.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44-1024x436.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44-768x327.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/SOLUSD_2023-06-19_10-34-44-1536x654.png 1536w\" sizes=\"(max-width: 1793px) 100vw, 1793px\" \/><\/a><figcaption id=\"caption-attachment-321659\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Despite witnessing an upswing in daily transactions on the platform, the increased activity was insufficient to generate a significant upward movement in price.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana&#8217;s recent surge in daily transactions surpasses competitors while its NFT market flourishes. Network stability and regulatory flexibility bring hope, but SOL&#8217;s price struggles persist.<\/p>\n","protected":false},"author":70,"featured_media":321671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4029,4,20],"tags":[],"class_list":["post-321631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-nft","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solana&#039;s metrics rise - How NFTs helped - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Solana recently led other chains in daily transactions, while its NFT space also saw increased activity as its network sees stability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/solanas-metrics-rise-heres-how-nfts-helped\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana&#039;s metrics rise - How NFTs helped - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Solana&#039;s recent surge in daily transactions surpasses competitors while its NFT market flourishes. 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