DRAKONZ NFT HITS 1 MILLION PERCENT TRADE VOLUME IN 24 HOURS

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Away from the big names in the NFT marketplace, the little players are beginning to get the attention of bookmakers. And sales volume has risen astronomically due to some specific NFT collections.

Drakonz NFT hits 1 million percent in trade volume

Of special mention is the Drakonz, which among many NFT collections saw one of the highest percentage increases in purchases that caused a spike in the floor of the market. Data from cryptoslam shows that rose by 1,462,280% in the last 24 hours. It is unclear what caused this spike, with the collection built on the Solana protocol.

The Drakonz which has about 3,948 items in its collection and over 600 wallet users is still on the verge of breaking above the $10,000 threshold, which on its own is still a far cry from where the major players are.

However, what may be attributable to the rise in the purchase of the Drakonz NFT collection may be the seeming rise in the price of the Solana with respect to its performance against the BTC and ETH over the past few days, of which there could be a surge in it in the days to come

Bored Ape Maintains lead in the Market

In other news, the Bored Ape collection still maintained its lead in the market by doing over $2 million in regular sales in over 20 transactions, staying far ahead of its rival Otherdeed which has done narrowly above $1 million in about 196 transactions. The Sorare despite doing over 11,000 transactions is still ranked at a bit distant third with about $800,000 in terms of sales volume.

On protocols, Ethereum still takes the lead in terms of trade volume with over $12 million worth of NFTs purchased in 29,993 transactions, while Solana ranks second with $1,985,726 million in 45,765 transactions over the past 24 hours.

Despite a bearish market, the volume of transactions going on in the NFT marketplace still boggles the mind.

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