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.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 at the time of minting. The daily unique active wallet count interacting with decentralized apps reached 2.36 million in April, a slight 0.2% increase from March. BNB Chain and Wax saw the highest average number of wallets connected, with 568,000 and 492,000 daily unique active wallets, respectively.While the NFT market made a remarkable recovery, the total value locked in decentralized finance dipped 12% due to volatile token prices.

Falling TVLs and volatile token prices didn’t prevent the DeFi market from continuing its expansion, with the ecosystem registering remarkable growth beyond the Ethereum blockchain. Ethereum’s TVL dominance declined from 94% a year ago to 59% in April.

solana moonbirds XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

solana moonbirds moonbirds

solana moonbirds how about talking about hic et nunc and fxhash?

solana moonbirds when are you going to do a story showing how the tezos network nft markets have an amazing community?

What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 39 - FEAR, with price of 39014.491701325788 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.

solana moonbirds Solana has broken down 4 times since release. Meanwhile, Cardano hasn’t crashed once, and CNFTs are thriving.

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