Solana NFT Sales Plummet 80% as Bybit Launches New Inscriptions Marketplace

NFT Market Update

The non-fungible token (NFT) market has experienced a significant drop in sales volume and activity across various collections.

Market Overview

The overall sales volume has decreased by 25.2% in the past 24 hours, amounting to $25,976,386. Additionally, there has been a decline of 21.3% in buyers, 12.75% in sellers, and 34.2% in transactions.

Top Collections Performance

Among the top 10 collections, Gods Unchained Cards have seen a substantial increase of 11,113% to $747,886, while Nobody experienced a significant decrease of 70% to $2 million.

Blockchain Ranking

Ethereum remains at the top despite a 30% drop in sales volume. Solana experienced a massive fall, temporarily dropping to fourth place before returning to its usual third place. Bitcoin holds the second position, with Avalanche in third place.

Solana NFT Sales

The Solana network outage impacted the price of its native coin, SOL, leading to an 82.39% decrease in NFT sales volume over the past 24 hours to $1,048,282. The number of buyers, sellers, and transactions on Solana also decreased significantly.

Bybit Inscription Marketplace

Bybit has launched an integrated inscription marketplace facilitating the minting and trading of BRC-20 tokens and EVM inscriptions across multiple chains. The marketplace also includes a strategic partnership with UniSat for Bitcoin NFTs.

Japan Airlines and Hakuhodo NFT Collection

Japan Airlines and Hakuhodo have collaborated to release a new NFT collection, ‘KOKYO NFTs’, featuring unique local experiences across Japan, aiming to offer a new way of tourism through NFTs.

Mutant Cartel’s ‘Serum City’ Game

Serum City, a new game featuring NFT apes from Yuga Labs, is now available for pass holders to play. Players can claim different passes depending on their NFT holdings, and Season 1 offers opportunities to earn rare dynamic NFT traits and car parts for Season 2’s Apecoin Prize Pool.