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Altcoin SOL entered the top three of yesterday’s growth in the ranking of the top 30 cryptocurrencies, adding 7% per day. The Solana blockchain was marked by a record volume of sales of NFT tokens, updating two-month highs.
On a daily basis, users exchange and issue unique tokens worth 340,000 SOL, while this is a small amount in the total flow of transactions on the blockchain with a share of 2%.
However, analysts note the positive effect of increasing NFT transactions on the Solana blockchain. First, unique tokens grow in value, regardless of the behavior of the cryptocurrency market. Secondly, there is an increased profitability in this industry due to higher commission fees. They attract developers of smart contracts, whose activity raises the overall investment value of the blockchain.
This year, the daily volume of NFT tokens on the Solana blockchain confidently took second place after Ethereum. The ecosystem already accounts for 9% of the total turnover of unique tokens, which “stabilizes” the SOL rate at the moments of decline and gives an additional impetus in the growth phase of the cryptocurrency market.
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