The cryptocurrency market is showing significant signs of revival, particularly in the NFT sector, with Ethereum and Solana leading the charge. A new NFT wallet has swept $2 million worth of CryptoPunks, indicating a strong comeback for the NFT art market, with another $3.6 million in bids placed. The overall NFT market is expected to benefit if this trend continues. Solana's stablecoin transfer volume has reached a new record of over $300 billion in January, marking a 2,520% increase from the previous year and boosting its market share to nearly 32%. This surge in stablecoin volume has been described as 'staggering' and is seen as a bullish sign for the cryptocurrency market. The stablecoin supply has also hit a new all-time high at $133.485 billion, suggesting increased liquidity and potential for more flows into crypto. In addition, Ethereum NFT volumes have tripled, while Solana NFT volumes have increased eightfold since their lows in 2023. Despite this, Solana's weekly NFT trading volume is still down over 60% from the all-time highs of May 2022. Meanwhile, various NFT collections on Ethereum have seen price increases of over 10%, with some notable collections such as Pudgy Penguins and Lil Pudgys up by 59% and 90%, respectively.
ETH is back to leading NFTs in volume by a lot A lot more buyers on Solana tho https://t.co/IrVH0G8zhT
Most likely we will see NFT season for a while now Ideally the BTC market is choppy and boring for that We are seeing Punks leading the way and many other collections following suit, I am so ready for this
NEW: @solana NFT VOLUME SPENT BY BRIDGERS NEARLY TRIPLED FROM NOVEMBER TO DECEMBER - PER @Syndica_io https://t.co/1uFd7fw3Cw
NEW: VOLUME AND USER FLOWS FROM CENTRALIZED EXCHANGES INTO @solana WEB3 WALLETS NEARLY DOUBLED FROM NOVEMBER TO DECEMBER - PER @Syndica_io https://t.co/3sNpTaGOJb
NEW: @solana FLIPPED @ethereum IN MONTHLY NEW NFT CREATORS IN DECEMBER - PER @Syndica_io https://t.co/4ykJUD2iHo
Following the success of @Solana's November NFT Market, December boasted even stronger metrics for growth, creators, volume, monetization, and inflows. Our monthly December NFT Market Report dives into the details below 👇
Punks are the only NFT where I don’t think it’s a good idea to sell your rares. Ape punks probs worth $10M+ within a few years https://t.co/ZBeoDLYwjx
NFT trading activity on Solana is recovering 2.5x faster than on Ethereum. Although Solana’s NFT ecosystem is recovering faster than Ethereum’s, weekly Solana NFT trading volume is still down over 60% from all-time highs witnessed in May 2022. https://t.co/cTzniirJCo
The PUNKBITS Rarity Ranking is live! 💎 https://t.co/ywi2rv7coF A collection of 10,000 3D-modeled NFTs, each uniquely crafted from over 200 traits in Cinema4D 😎 By @michalprekop Post your Punks in the comments 👇 https://t.co/KSDFNlaNwy
Stablecoin transfer volume on @Solana reached $316 billion this month according to blockchain data, marking a 2,500% increase from the same period last year. @tikta_ reports https://t.co/JROCa0YQLW
In my new report, I highlight the recovery of the NFT sector on Solana and Ethereum. As of January 16, 2024, Ethereum NFT volumes are up over 3x while Solana NFT volumes are up 8x since their respective lows in 2023. https://t.co/E6ZpSEmlvN
In 2018, @Forbes called stablecoins the holy grail of cryptocurrency. Today, the stablecoin market is worth over $130 billion, settling $7 trillion of volume to @Visa's $12 trillion in 2022. Here is every day of stablecoin volume since last cycle — the ending will shock you. https://t.co/PrDYuuNhg7
🗞Top 10 NFT & Crypto Headlines Over The Weekend🗞 Crypto: Bitcoin (-2.5%), Ethereum (-4%), Solana (-6%) Top Movers: 👉Nakamigos Trading Cards +60% to 0.75 ETH and Hal Froggy Bobbleheads +90% to 0.11 ETH 👉Crypto Undeads +100% to 13.5 SOL 👉Cool Cats +55% to 1.06 ETH 👉Kanpai… https://t.co/7SzccJMBER
Stablecoin supply hits new ATH at $133.485B 🔴 Increase in stablecoin supply = Increase in Liquidity. 🔴 Increase in liquidity = More flows into crypto. 🔴 More… https://t.co/WdxHM5rcSa
Stablecoin supply hits new ATH at $128B 🔴 Increase in stablecoin supply = Increase in Liquidity. 🔴 Increase in liquidity = More flows into crypto. 🔴 More… https://t.co/re83Xq3P9M
Nice week for ETH NFTs in general 📈 good amount of collections are up 10%+ such as: Pudgy Penguins up 59% Lil Pudgys up 90% Pandas up 71% Seals up 72% Toadz up 37% Doodles up 20% Cool Cats up 30% Terraforms up 27% Opepen up 17% Kodas up 15% Creepz up 16% Punks up 11% https://t.co/0SavcHJKGM
There’s more to this space than punks(apes too, not being bag biased here) but the NFT bull usually starts with punks.. STAY PATIENT FRENS 🫡
🚀 @Solana's stablecoin transfer volume has set a new record this January, surging past $300B. This marks a staggering 2,520% increase from last January's figures, boosting Solana's market share to nearly 32%. Read more https://t.co/tmBSsF2Aek
This chart of stablecoin volume is staggering Solana expansion in the past 3 months is absolutely bonkers This bull run will continue to be marked by the rise of $sol https://t.co/StSj1kaOwe
new NFT wallet has swept $2 million of punks and has another $3.6 million in bids punks catching a bid will be good for the entire NFT market if it can continue https://t.co/fpRI6GJVdc
🟥 Things I’m looking at today 🟥 DOGE leads on X payments debut, ONDO 2.5x since launch, Punks sweeps continue Crypto * BTC: 41.7k (0%), ETH: 2475 (0%), SOL: 93 (+1%) * Top 100 gainers: RON, SC, ASTR, DOGE * DOGE rallies after speculation about X payments * BTC flows: whales… https://t.co/Qtm8LkvuSg
constant high punk sales > means eth nft art market is about to make big comeback