Solana Weekly Recap Week 44 (27/10 – 3/11) 

Source : cryptodaily.io

Solana and the Solana ecosystem are constantly growing and moving forward. To help you not miss any news & movements of the ecosystem in the last 7 days, here is your Solana Weekly Recap.

Key Takeaways

  • Solana NFT has the lowest total sales volume in October 2022.
  • Solana Mobile allowed Saga pre-ordered users mint Saga Pass NFT.
  • Instagram is officially an NFT Marketplace.

Ecosystem Updates

Another week of the NFT keyword in the entire market when traditional giants like Meta, Twitter all have their own moves in the field of NFT, let’s find out with Solana Daily through the newsletter below.

1 – Market Data

In October, most blockchains experienced a sharp drop in sales volumes, Solana is no exception, the trend of 0% royalties is growing, leading to a change in transaction behavior on most blockchains.

NFTs Sales Growth Among Top Blockchains  – Source: Cryptoslam

Specifically, ending October, Solana NFT has the lowest total sales volume in a month ever. Will there be any changes this November? 

Solana Weekly Recap Week 44 (27/10 - 3/11) - 2
Monthly Solana NFT Sales Volume  – Source: Cryptoslam

2 – DeFi Highlights on Solana

Solana Weekly Recap Week 44 (27/10 - 3/11) - 3
DeFi Highlights on Solana (Week 44) – Source: Solana Daily

Solana Mobile allowed Saga pre-ordered users mint Saga Pass NFT

Solana Mobile, a subsidiary of Solana, will allow users who have pre-ordered Saga, their first mobile product, to be officially minted with the Solana Pass NFT. 

According to the Solana Mobile team, Saga Pass comes with exclusive benefits. When Saga is ready to begin shipping, pre-orderers with Saga Pass will get priority checkout and delivery.

3 – NFTs Highlights on Solana

Solana Weekly Recap Week 44 (27/10 - 3/11) - 4
NFTs Highlights on Solana (Week 44) – Source: Solana Daily

Instagram is officially an NFT Marketplace

The biggest news for the whole NFT market, Meta officially announced that Instagram will become their NFT marketplace. Users can now share their NFT on both Instagram and Facebook platforms.

This is a huge and positive move for the entire NFT market.

In a bid to ensure this process is as seamless as possible for everyone involved, Meta has promised that NFTs sold on its platforms will not incur any additional fees for the parties involved. 

Additional Notable Events

DeFi

NFTs

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