A Comprehensive Analysis of Solana’s Recent Increase in TVL and NFT Sales Volume

2024-04-09 05:18:39

  • Solana has seen a recent increase in its TVL.
  • It ranks third in the ranking of NFT sales volume in seven days.

A solana [SOL]The listing of NFT-based NFT marketplace tokens on major exchanges has generated a lot of excitement within the Solana network. However, to determine if this rumor has translated into increased volume for SOL, it would be necessary to analyze trading data from the Solana ecosystem and monitor market activity post-listing.

Solana-based TNSR appears on the list

On April 8, Tensor, a major NFT marketplace in solanaIts newly launched token is listed on major exchanges such as Binance and OK. This listing followed a previous announcement from Coinbase last week, indicating its intention to list the TNSR token when it launches.

While these announcements were anticipated, they still generated considerable excitement within the Solana community.

Analysis of Solana markets, based on data from tiexorevealed that together, they contributed approximately 374,000 in volume during the last seven days.

Tensor ranked second in volume among these markets, behind Magic Eden, with 129,000 watched. However, Tensor led in terms of active wallets, with more than 207,000 in the last seven days.

In contrast, Magic Eden ranked second with around 39,000 active wallets registered.

TVL moves, but the volume remains the same

Analysis of the Solana volume chart indicates that the latest events have not had a significant impact on the trading volume. At the time of writing, the volume was around $791 million.

However, recently there has been an increase in total value locked (TVL). While this increase may not be directly attributed solely to the latest development, it has coincided with it. Currently, the TVL stands at over $4.6 billion, close to its all-time high of over $4.8 billion.

Solana records third largest NFT sales volume

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According to data from Cryptographic hack, Solana ranked third in NFT sales volume over the past seven days. Analysis of the data revealed that the sales volume during this period exceeded $40.5 million.

It fell behind only Bitcoin, which recorded over $91 million, and Ethereum, which recorded over $63 million in NFT sales volume during the same time period.

SOL volume and price are not affected

Analysis of solana on a daily time frame chart does not reveal any significant recent uptrend. However, at the time of writing, he was trading up a modest over 1% to around $182.

Realistically, here it is SOL market capitalization in BTC terms

This rebound continues a trend of consecutive increases that began three days ago, after significant falls at the beginning of the month. Despite these declines, SOL has managed to maintain its bullish trend.

Furthermore, if its volume is analyzed, there has been a slight increase compared to April 7. Currently, the volume amounts to more than 2.6 billion dollars.

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#Solanas #4.6B #TVL #Tensor #Token #Debut #Influenced

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