Step on the tuyere, the latest investment guide for Solana NFT

By Paimon, Foresight News

Note: The data source of the floor price and average price of the NFT series in this article is Magic Eden (unit: SOL), and the data source of the monthly cumulative turnover data is CryptoSlam: Historical Sales Volume (unit: USD)

On November 28, according to Magic Eden market data, the floor price of Solana’s ecological NFT Mad Lads exceeded 100 SOL, an increase of 28% in 24 hours. In the following week, Mad Lads has been soaring, and today the floor price has reached 223.6.2 SOL, an increase of 123.9% from the beginning of last month. The total turnover in November reached $18.633 million, ranking first in the Solana ecosystem NFT trading list.

It is undeniable that the recent overall improvement of the crypto market has triggered a “dead wood spring” in the NFT market. Mad Labs, as a star project on the Solana chain, **This 7*24h rising frenzy is like a temperature of 20 degrees on the day of the heavy snow season, which has once again directed the attention of the NFT market to Solana. **

In terms of the overall market, the total value of NFTs on the Solana chain rebounded sharply in November, growing from $28.285 million to $82.858 million, a whopping 192.9% growth rate. The average trading price in November also doubled 1.6 times to $73.75 from $28.59 previously. **

This article will take stock of the top NFT projects on the Solana chain that are worth paying attention to, as well as the potential stocks with good growth momentum in recent days, as well as their respective market performances under the general trend of “roof fire” in the Solana NFT market.

Claynosaurz

Claynosaurz is a dinosaur-themed digital collection on Solana’s chain, and the collection culminates in “clay” dinosaurs with vibrant colors and delicate details. The first collection, Claynosaurz, was released on November 22, 2022, with a total of 10,222 pieces.

According to Claynosaurz’s official website, the current team consists of 11 people, mainly models and animators, most of whom previously worked in 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 blazing Mad Lads, with the current floor price of 61.77 SOL, equivalent to about 4323 USD US dollars. Since November 10, the floor price has increased from a high of 21.4 SOL to 65 SOL, an increase of 203.7%. In terms of trading volume, Claynosaurz also saw a significant increase in November with the market boom, with the total transaction value increasing by about 4 times from 735,000 USD in October to USD.837 million.

Okay Bears

Okay Bears is a flagship NFT collection launched in April 2022, with a total issuance of 10,000 pieces and sales of $18 million on the first day of release. With the core concept of “We’re all going to be okay”, the series 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 for Solana, Okay Bears has not seen a significant increase in floor price like other NFT collections on the market. Although the trading price peaked at 35 SOL last week, it has fallen significantly in a week, and the current floor price of 21.3 SOL is only 45% higher than the peak of trading in November. Although the floor price did not fluctuate greatly under the influence of market enthusiasm, due to the influx of traders into the Solana NFT market, the total trading volume of Okay Bears’ November series increased by nearly 3 times compared to October, reaching 1.903 million USD.

In addition to the Okay Bears NFTs themselves, The Okay brand is also passionate about fashion and philanthropy. In terms of fashion, the Okay Bears and Zara collaboration is already available in 1,149 Zara stores in 74 countries around the world. In terms of philanthropy, Okay Bears raises funds through art collections and co-branded merchandise auctions in partnership with well-known charitable organizations such as Movember, (RED), and UNHCR. In this way, $43,000 has been raised, partly for reconstruction from the earthquakes in Turkey and Syria and for anti-epidemic projects led by (RED).

BONKz

The BONKz NFT collection was born on December 2022 BONK token airdrop, with a total issuance of 15,000 tokens. NFT collections were originally born for the community as token by-products, and the corresponding BONK burned during the minting process reduces the supply of tokens, thus making them more valuable in theory. Since its release, the total value of BONK burned has reached $500,000. According to the official website, 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, and in general, the price is greatly affected by the market heat, and new players also tend to start with the series with a lower original price. Since November 3rd, the price of BONKz has increased significantly, from only 0.41 SOL in early November to 49 SOL today, and the monthly turnover has also increased by 64 times compared to October, reaching $621,000.

Quekz

Quekz (Crypto Duck Punkz) is an NFT collection issued on the Solana chain, consisting of 4,500 unique pixel ducks, which ranked second on the Magic Eden 24h popularity list.

In terms of data, Quekz also belongs to the series where prices have risen sharply in the past month, on November 3, the Quekz floor price was only 5.08 SOL on the day, but today, more than a month later, the Quekz series floor price has reached 50 SOL. At the same time, when the popularity of star series such as Mad LAds has decayed to a certain extent and the price is showing a downward trend, the average price of Quekz has increased by 6.9% compared with yesterday, and the overall trend is still upward.

In terms of trading volume, the growth was also considerable, with a total of $2.042 million in cumulative transactions in November, a 54-fold increase from October’s data.

Chads

Chads is an algorithmically generated pixel “badass” avatar on the Solana chain, and the series of minting began on April 20, 2023, and 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 values 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 the information disclosed on the official website, Chads is backed by a crypto-native team with decades of experience in web product development.

Similar to BONKz, Chads are a relatively low floor price that is easy for new players to get started with. When the Solana NFT fire was just showing signs of “burning”, the Chads price was still hovering around 0.5 SOL. Until last week, the Chads price broke 1 under the influence of stable heat, and then almost “never looked back” to break 10 in the following week, and today completed a single-day 50% increase again, and the current Chads series floor price has reached 12.6 SOL.

In addition, according to the roadmap on the official website, Chads v1.0 is halfway through the release plan, after which YesDAO will be established and MemeMaker v1.0 will be released, and Chads will release airdrops in v1.1 after all are completed.

Tensorians

Tensorians is a collection of PFP digital collectibles issued by NFT marketplace Tensor on the Solana network as compressed NFTs. Released on August 9, 2023, Tensorians is a collection of 10,000 collectibles that can be used as a credential to provide holders with access to the Tensor community as well as special rewards.

Similar to most Solana-based NFTs, Tensorians has also “made a fortune” since November 8, with a floor price of up to 10.53 SOL on that day, and after a month of market conditions, the floor price of Tensorians has rapidly increased by more than 50 SOL. Yesterday, the single-day price growth rate was as high as 57.9%, and the price rushed directly to 84.89 SOL. The total trading volume in November was 6.437 million USD, an increase of more than 14 times from the 455,000 USD in October.