Wednesday, March 29, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Altcoin News

Solana Downfall Ahead? DeGods, y00ts Daily Vol Spikes Over Bridging Update

news by news
December 27, 2022
in Altcoin News, News, Non fungible Token
0
Solana Downfall Ahead? DeGods, y00ts Daily Vol Spikes Over Bridging Update
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament

Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why

solana nft

Solana News: The global crypto market is looking clueless at this point as the investors’ interest has dropped to a new low. Non-fungible token (NFT) market has already taken a huge blow this year. However, Solana Ecosystem is the latest in the list which became the target of this toppling market.

Will NFTs migration impact Solana?

Two of the most important NFT projects based on Solana announced that they will be migrating to other chains.

DeGods announced that it will be bridging to Ethereum (ETH) most probably in the first quarter of 2023. It mentioned that bridge is not the destination but it is on the path to get there. However, the details will be released when it’s ready and tested. It will be releasing the Season III roadmap by January.

However, since the announcement DeGods’ daily volume spiked by more than 187%. As per Nansen, its average price went up from 426 Solana to 566 Solana which is a surge of 33%. It added that many holders have sold all of their DeGods while others are adding more.

While y00ts will be officially migrating to Polygon in the first quarter of 2023. The details will be released after the testing. The formal roadmap for y00ts Season 2 will be out in January.

As per the data, after opting to switch to Polygon, y00ts daily volume surged by 442%. Its average price dropped from 167 Solana to 155 Solana. However, it jumped back again to 171 Solana.

Nansen mentioned that a total of $23.7 billion worth of NFTs have been minted and traded just o Ethereum in 2022. While its weekly volume reached $1.6 billion back in May.

The post Solana Downfall Ahead? DeGods, y00ts Daily Vol Spikes Over Bridging Update appeared first on CoinGape.

Related Posts

Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament
24/7 Cryptocurrency News

Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament

March 29, 2023
Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why
24/7 Cryptocurrency News

Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why

March 29, 2023
XRP Price Spikes By 18%, Breaches $0.56 level; What’s Happening?
24/7 Cryptocurrency News

XRP Price Spikes By 18%, Breaches $0.56 level; What’s Happening?

March 29, 2023
Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition
24/7 Cryptocurrency News

Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition

March 29, 2023
Just-In: UBS Opts For New CEO; Credit Suisse Takeover To Delay?
24/7 Cryptocurrency News

Just-In: UBS Opts For New CEO; Credit Suisse Takeover To Delay?

March 29, 2023
Cardano’s ADA Gives A Strong Bounceback With 10% Gains, What’s Next?
24/7 Cryptocurrency News

Cardano’s ADA Gives A Strong Bounceback With 10% Gains, What’s Next?

March 29, 2023
Next Post
Crypto Scams Alert! Robocallers Are Now Behind Your Cryptocurrency

Crypto Scams Alert! Robocallers Are Now Behind Your Cryptocurrency

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Just-In: Do Kwon Hunt Concluded? South Korean Authorities Reach Serbia

Just-In: Do Kwon Hunt Concluded? South Korean Authorities Reach Serbia

February 7, 2023
Shiba Inu’s Rival Floki Inu (FLOKI) Soars 25% Due To This Reason

Shiba Inu’s Rival Floki Inu (FLOKI) Soars 25% Due To This Reason

January 27, 2023
Crypto Prices Today: Polygon (MATIC), Solana (SOL), XRP (XRP), Shiba Inu (SHIB)

Crypto Prices Today: Polygon (MATIC), Solana (SOL), XRP (XRP), Shiba Inu (SHIB)

February 28, 2023
Breaking: Developer Update On Shiba Inu’s Shibarium, Is Date Final?

Breaking: Developer Update On Shiba Inu’s Shibarium, Is Date Final?

February 3, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In