Original author: Paimon, Foresight News
Note: The source of the NFT series floor price and average price data in the article is Magic Eden (unit: SOL), and the source of monthly cumulative transaction volume data is CryptoSlam: Historical Sales Volume (unit: USD)
On November 28, according to Magic Eden market data, the floor price of Solana ecological NFT Mad Lads exceeded 100 SOL, an increase of 28% within 24 hours. In the following week, Mad Lads skyrocketed, and today the floor price has reached 223.6.2 SOL, an increase of 123.9% from the beginning of last month. The total transaction volume in November reached US$18.633 million, ranking first among Solana ecological NFT transactions.
It is undeniable that the recent overall improvement in the encryption market has triggered a dead tree blooming in the NFT market. As the star project on the Solana chain, Mad Labss 7*24h rising frenzy is like the 20-degree temperature on a snowy day, drawing the attention of the NFT market to Solana again.
In terms of the overall market, the total NFT transaction volume on the Solana chain rebounded significantly in November, growing from US$28.285 million to US$82.858 million, with a growth rate of 192.9%. The average transaction price in November also increased 1.6 times from the previous US$28.59 to US$73.75.
This article will take stock of the leading NFT projects on the Solana chain that are worthy of attention, as well as potential stocks with good recent growth momentum, as well as their respective market performances under the general trend of the roof is on fire in the Solana NFT market.
Claynosaurz
Claynosaurz is a dinosaur-themed digital collection on the Solana chain. The series is ultimately presented as clay dinosaurs with bright colors and exquisite details. The first collection series Claynosaurz was released on November 22, 2022, with a total number of 10,222 pieces.
According to the official website of Claynosaurz, there are currently 11 team members, mainly models and animators. Most of them previously worked for well-known animation production companies such as Disney, Warner Bros., Universal, NetFlix, and Ubisoft.
According to Magic Eden data, the total trading volume of the Claynosaurz series is second only to the popular Mad Lads. The current floor price is 61.77 SOL, which is equivalent to about 4323 USD. Since November 10, the floor price has increased from 21.4 SOL to a maximum of 65 SOL, with a growth rate of 203.7%. In terms of transaction volume, Claynosaurz also saw a significant increase in November as the market boomed. The total transaction amount increased approximately 4 times from 735,000 USD in October to 3.837 million USD.
Okay Bears
Okay Bears is the flagship NFT series released in April 2022, with a total issuance of 10,000 pieces and sales of US$18 million within the first day of release. The series uses Were all gonna be okay as its core concept, which resonates with a large number of NFT collectors in the Solana ecosystem, and is committed to rapidly expanding the global community based on this optimistic mysterious power.
As a relatively early NFT project of Solana, the floor price of Okay Bears has not increased significantly like other NFT series on the market. Although the trading price reached a maximum of 35 SOL last week, it fell significantly within a week. The current floor price of 21.3 SOL is only 45% higher than the peak trading period in November. Although the floor price did not fluctuate significantly due to market enthusiasm, due to the influx of a large number of traders into the Solana NFT market, the total transaction volume of Okay Bears series in November increased nearly three times compared with October, reaching 1.903 million USD.
In addition to the Okay Bears NFT itself, The Okay brand is also passionate about fashion and charity. In terms of fashion, the Okay Bears and Zara co-branded models have been sold in 1,149 Zara stores in 74 countries around the world. In terms of philanthropy, Okay Bears cooperates with well-known charitable organizations such as Movember, (RED), and UNHCR to raise funds through art collections and co-branded peripheral auctions. Currently, US$43,000 has been raised in this way, partly for post-earthquake reconstruction in Turkey and Syria and for (RED)-led anti-epidemic projects.
BONKz
The BONKz NFT series was born from the BONK token airdrop in December 2022, with a total issuance of 15,000 coins. The NFT series was originally created for the community as a by-product of tokens. During the minting process, the corresponding BONK is burned to reduce the token supply, making it theoretically more valuable. Since its issuance, the total value of burned BONK has reached a total of $500,000. According to the official website information, the BONKz project team consists of CEO Dank, community manager Incense, art creator Bagoesanggito and developer Nelly.
The current floor price of BONKz is 5.37 SOL. Generally speaking, the price is greatly affected by the market popularity. New players also tend to start from the series with lower original price. Since November 3, the price of BONKz has increased significantly. From the trading price of only 0.41 SOL in early November to 4.9 SOL today, the transaction volume of the month also increased 64 times compared with October, reaching US$621,000.
Quekz
Quekz (Crypto Duck Punkz) is an NFT series issued on the Solana chain. It is composed of 4500 unique pixel ducks and ranks second on the Magic Eden 24 h hot list.
In terms of data, Quekz is also one of the series whose prices have risen rapidly in the past month. On November 3, the highest floor price of Quekz series was only 5.08 SOL. However, more than a month later, the price of Quekz series floor has reached as high as 50 SOL. SOL. At the same time, when the popularity of celebrity series such as Mad LAds has declined to a certain extent and prices have shown a downward trend, the average price of Quekz has increased by 6.9% compared with yesterday, and the overall price is still on an upward trend.
In terms of transaction volume, the growth is also considerable. The cumulative transaction volume in November totaled US$2.042 million, an increase of 54 times compared with Octobers data.
Chads
Chads are pixel bad guy avatars generated by algorithms on the Solana chain. The series of casting began on April 20, 2023. Its community is also an NFT social club, dedicated to protecting the Chad spirit through the Web3 revolution. At the same time, the Chads team also attaches great importance to the power of memes and is developing an innovative tool MEME Generator to enhance the importance of memes in the Internet and cryptocurrency culture.
According to information disclosed on the official website, behind Chads is a crypto-native team with decades of experience in network product development.
Similar to BONKz, Chads also has a relatively low floor price, making it easy for new players to get started. When the Solana NFT fire just showed signs of burning, the price of Chads was still hovering around 0.5 SOL. Until last week, the price of Chads broke through 1 under the influence of stable popularity. In the following week, it almost broke through 10 without looking back, and today it once again completed a single-day increase of 50%. The current floor price of the Chads series has reached 12.6 SOL.
In addition, according to the official website roadmap, the Chads v1.0 release plan is already halfway through. After that, YesDAO will be established and MemeMaker v1.0 will be released. After all is completed, Chads will release the v1.1 airdrop.
Tensorians
Tensorians is a series of PFP digital collections issued by the NFT trading market Tensor as compressed NFTs (Compressed NFTs) on the Solana network. Tensorians was released on August 9, 2023. The series contains a total of 10,000 collections, which can be used as vouchers to provide holders with access to the Tensor community and special rewards.
Similar to most Solana ecological NFTs, Tensorians also started to get rich on November 8, with the floor price reaching a maximum of 10.53 SOL on that day. After a month of fanning the flames of the market environment, the floor price of Tensorians quickly increased to more than 50 SOL. Yesterday, the single-day price growth rate was as high as 57.9%, and the price directly rushed to 84.89 SOL. The total trading volume in November was 6.437 million USD, an increase of more than 14 times compared with Octobers data of 455,000 USD.
