Moonbirds and Solana NFT trade at record levels, sales up 45%
The NFT marketplace saw an increase in monthly NFT trading volume in April, reaching $6.3 billion. This represents an increase of more than 23% since March.
Moobirds is now the 11th highest-traded NFT in history.
Moonbirds is a private or members-only collection that has generated about $500 million in trading volume, which has helped the NFT market recover.
Moonbirds have surpassed other NFT collections such as Cool Cats, Doodles and Meebits to become the 11th most traded NFT collection of all time.
Despite the controversy, Moonbirds remains strong, with a base price consistently above 28 ETH, or about $81,944.
Another important reason is that Solana NFT demand is growing 91% per month, with total revenues exceeding $300 million. The price of Solana-based NFTs has also risen to $350.
NFT benefits from OpenSea support on Solana.
The popularity and huge success of Solana NFT is no surprise, especially considering OpenSea's support for the Solana blockchain. Solana NFT has benefited greatly from the support of this important NFT market.
Okay Bears and DeGods are popular Solana NFT pools that have generated $23 million and $43 million in trading volume respectively, making them the top 30 most traded NFT pools last month.
In addition, Yuga Labs' Otherdeeds released their first NFT on April 30, helping to increase NFT trading volume.
Despite earning over $340 million in APEs, Otherdeeds lost over $4.5 million due to poor trading.