Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Analysis of Solana NFTs as Daily Mints Fall to New Lows
Altcoins

Analysis of Solana NFTs as Daily Mints Fall to New Lows

2024-01-13No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • This month, the number of daily NFT coins on Solana has decreased.
  • This is due to the decline in the network’s user activity since the beginning of the year.

The daily count of NFT coins on Solana [SOL] has plummeted to the lowest level since the start of the year, data shows Hello Moon showed.

As of January 8, 19,000 NFTs were minted on the Layer 1 (L1) blockchain network, a 44% drop from the 34,370 NFTs minted on December 31, 2023.


Source: Hello Moon

Reflecting the ecosystem-wide rally that Solana experienced in December 2023, the number of NFTs minted daily on the network climbed to an all-time high of 414,080 on December 15.

Additionally, during the 31-day period, NFT sales volume on Solana reached $366 million, which is the highest monthly sales volume recorded in 2023.

However, due to the decline in hype surrounding the chain, NFT sales and trading volume have taken a hit. According to data from CryptoSlamThis year’s NFT sales volume on Solana is $79.34 million.

Solana sees a decrease in user activity

Following network-wide growth in December, the past two weeks have been marked by a decline in demand for the Solana network. On-chain data from Artemis showed a decrease in user activity on the blockchain.

For example, the number of unique wallet addresses sending at least one on-chain transaction on Solana every day has fallen 9% since January 5. For context, on that day, Solana’s daily active addresses were 691,000. By January 11, this had fallen to 627,000.


Source: Artemis

Due to a decrease in the number of active users in the chain, the daily number of transactions has also decreased. According to data from Artemis, this fell by 7% between January 5 and 11.

See also  The role of NFTs in the preservation and reinterpretation of art

Due to the decline in user numbers, the number of transactions completed via the decentralized exchanges (DEXs) within Solana has also decreased. This fell by 40% during the reporting period.


Source: Artemis


How much are 1,10,100 SOLs worth today?


Moreover, the total value of the DeFi network (TVL) has been declining since the beginning of the year.

According to data from DefiLlamaSolana’s TVL was $1.41 billion as of January 1. At the time of writing, the L1’s TVL of $1.29 billion has since fallen 9%.

Source link

Analysis Daily Fall Lows mints NFTs Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

The chance will increase to 83%, sec decision in June?

2025-05-19

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Will Bitcoin’s declining exchange volumes spell trouble for BTC?

2023-07-11

Binance CEO condemns ‘inhumane treatment’ of jailed worker who is unable to walk and his health is deteriorating

2024-09-03

Paradigm Says Ethereum Layer-2 Blast Launches ‘Crossed Lines’ as Users Commit $535 Million

2023-11-28
Editors Picks

Ethereum could bottom relatively quickly versus Bitcoin, says analyst Benjamin Cowen – these are his targets

2024-09-21

Fintopio launches new Cedefi innovations When the beta leaves, X users’ name transfers introduces

2025-05-01

Why Bitcoin may not break $ 90k this quarter, despite …

2025-04-04

Why Tiktok should be Onchain

2025-03-13

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

Dogecoin ready to cry? Falling wig ousting hints during a rally

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,999.79-0.81%
  • ethereumEthereum(ETH)$2,419.80-3.31%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-2.66%
  • binancecoinBNB(BNB)$640.26-0.78%
  • solanaSolana(SOL)$162.52-4.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.217630-2.18%
  • cardanoCardano(ADA)$0.73-3.53%
  • tronTRON(TRX)$0.263781-3.15%
  • suiSui(SUI)$3.66-4.42%
  • chainlinkChainlink(LINK)$15.23-2.71%
  • avalanche-2Avalanche(AVAX)$21.72-5.45%
  • stellarStellar(XLM)$0.281456-2.70%
  • hyperliquidHyperliquid(HYPE)$25.51-5.47%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.64-0.69%
  • hedera-hashgraphHedera(HBAR)$0.187903-3.05%
  • bitcoin-cashBitcoin Cash(BCH)$384.15-3.68%
  • the-open-networkToncoin(TON)$2.99-3.33%
  • litecoinLitecoin(LTC)$95.87-2.37%
  • polkadotPolkadot(DOT)$4.53-4.57%
  • moneroMonero(XMR)$345.211.51%
  • bitget-tokenBitget Token(BGB)$5.15-1.67%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-3.61%
  • piPi(PI)$0.72-3.09%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.75-2.47%
  • bittensorBittensor(TAO)$393.21-6.08%
  • aaveAave(AAVE)$220.54-2.16%
  • nearNEAR Protocol(NEAR)$2.69-2.46%
  • aptosAptos(APT)$4.99-3.69%
  • okbOKB(OKB)$51.93-2.42%
  • ondo-financeOndo(ONDO)$0.90-3.67%
  • kaspaKaspa(KAS)$0.104864-6.10%
  • ethereum-classicEthereum Classic(ETC)$17.81-3.04%
  • internet-computerInternet Computer(ICP)$5.07-3.13%
  • gatechain-tokenGateToken(GT)$21.23-1.39%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.57-2.36%
  • crypto-com-chainCronos(CRO)$0.094163-5.40%
  • mantleMantle(MNT)$0.73-0.99%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231424-2.84%
  • vechainVeChain(VET)$0.027224-3.86%
  • render-tokenRender(RENDER)$4.41-4.72%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.352361-6.44%
  • filecoinFilecoin(FIL)$2.77-2.95%
  • algorandAlgorand(ALGO)$0.214864-3.25%
  • cosmosCosmos(ATOM)$4.65-3.58%
  • bitcoinBitcoin(BTC)$102,999.79-0.81%
  • ethereumEthereum(ETH)$2,419.80-3.31%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-2.66%
  • binancecoinBNB(BNB)$640.26-0.78%
  • solanaSolana(SOL)$162.52-4.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.217630-2.18%
  • cardanoCardano(ADA)$0.73-3.53%
  • tronTRON(TRX)$0.263781-3.15%
  • suiSui(SUI)$3.66-4.42%
  • chainlinkChainlink(LINK)$15.23-2.71%
  • avalanche-2Avalanche(AVAX)$21.72-5.45%
  • stellarStellar(XLM)$0.281456-2.70%
  • hyperliquidHyperliquid(HYPE)$25.51-5.47%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.64-0.69%
  • hedera-hashgraphHedera(HBAR)$0.187903-3.05%
  • bitcoin-cashBitcoin Cash(BCH)$384.15-3.68%
  • the-open-networkToncoin(TON)$2.99-3.33%
  • litecoinLitecoin(LTC)$95.87-2.37%
  • polkadotPolkadot(DOT)$4.53-4.57%
  • moneroMonero(XMR)$345.211.51%
  • bitget-tokenBitget Token(BGB)$5.15-1.67%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-3.61%
  • piPi(PI)$0.72-3.09%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.75-2.47%
  • bittensorBittensor(TAO)$393.21-6.08%
  • aaveAave(AAVE)$220.54-2.16%
  • nearNEAR Protocol(NEAR)$2.69-2.46%
  • aptosAptos(APT)$4.99-3.69%
  • okbOKB(OKB)$51.93-2.42%
  • ondo-financeOndo(ONDO)$0.90-3.67%
  • kaspaKaspa(KAS)$0.104864-6.10%
  • ethereum-classicEthereum Classic(ETC)$17.81-3.04%
  • internet-computerInternet Computer(ICP)$5.07-3.13%
  • gatechain-tokenGateToken(GT)$21.23-1.39%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.57-2.36%
  • crypto-com-chainCronos(CRO)$0.094163-5.40%
  • mantleMantle(MNT)$0.73-0.99%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231424-2.84%
  • vechainVeChain(VET)$0.027224-3.86%
  • render-tokenRender(RENDER)$4.41-4.72%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.352361-6.44%
  • filecoinFilecoin(FIL)$2.77-2.95%
  • algorandAlgorand(ALGO)$0.214864-3.25%
  • cosmosCosmos(ATOM)$4.65-3.58%