Solana’s NFT space saw a surge in minting this month despite NFT market volumes showing little improvement following the crash earlier this year. SudoAMM has conducted $50 million in trading since its launch, proving there’s a market for royalty-free NFT trading despite the controversy they generate. The most popular web3 game of September saw almost 2 million users this month, but its smart contracts have registered less than $20 in incoming value to the dapp’s smart contracts.
Find out about this and more in this month’s data wrap.
NFT mints on Solana reach an all-time high
The number of NFTs minted on Solana hit a high of 312,000 on Sept. 7, up from 39,000 just three days earlier. On Sept. 6, Solana-based NFT market volume his $11.5 million, the highest level since May.
Top collections on Solana, Sept. 2022. Source: Hello Moon
The surge was likely influenced by the excitement surrounding the y00ts mint. The 15,000-strong NFT collection is a new release from Dust Labs, the team behind the DeGods NFT collection.
In terms of trading volume, Solana also saw some increase this month, but numbers still remain much lower than earlier this year.
he Solana NFT community is hoping the surge of interest earlier this month represents the market beginning to mature. They have long lamented the challenge of getting NFTs on the chain taken seriously. Chase Barker, head of developer ecosystem at the Solana Foundation said he remembers people laughing at Solana NFTs last year, while Metaplex co-founder Stephen Hess said, “It felt like cold calling.”
StepN logs 67 million miles as of its first anniversary
Move-to-earn app StepN revealed it has logged 67 million miles of walking and physical activity since its launch a year ago, with over 4.7 million users registered on the app.
The company earned more than $26.8 million and $122 million in the first and second quarters of 2022, respectively, despite challenges in finding the right balance for its tokenomics.
It also announced this month that it would be moving its headquarters from Australia to Hong Kong.
SudoAMM reaches over $50 million in trading since its launch
Two months after its launch, royalty-free NFT trading platform SudoAMM has taken more than $50 million in total trading volume.
Source : theblock