Nfts
Solana-based NFT Platform Challenges Sideways Crypto Market, Up About 30% This Week Amid Increased Activity
The native token of a Solana (GROUND) based on non-fungible tokens (NFT) surged nearly 30% this week, defying the broader crypto market slump.
Metaplex (MPLX), which aims to make it easier to create, sell and manage NFTs, saw price hikes this week after drawing attention to its growing on-chain business.
The project Remarks on social media platform X, 834,000 unique wallets directly signed transactions with its protocol in May, its highest month ever.
Source: Metaplex/X
Metaplex too Remarks that last month, 3.1 million new wallets collected a digital asset created thanks to the project.
Source: Metaplex/X
Metaplex has also seen notable development activity recently. On Wednesday, the crypto-analysis platform Santiment class the project is third among all NFT-related protocols in terms of the number of notable GitHub events over the past 30 days.
Metaplex recorded 23.07 GitHub events, behind blockchain flow without layer 1 permission (TO FLOW) and Ethereum (ETH)virtual reality platform based on Decentraland (MANA).
Source: Santiment/X
Santiment claims that it ignores routine updates and uses a superior methodology to collect data for GitHub events based on a backtested process.
MPLX, Metaplex’s native token, is trading at $0.342, up from $0.264 a week ago. The 294th-ranked crypto asset began reversing course on Friday, falling more than 5% in 24 hours.
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