Bears, the SOL-based NFT sold out completely within the first 24 hours of its release. At press time, the NFT had a trading volume of 147,161 SOL, up 19.48 percent from the previous 24 hours.
In barely three days after the NFT launched on OpenSea, Okay Bears recorded a trading volume of 510.1K at a floor price of 115 SOL. At the time of writing, the NFT had 1,356 sales and a daily trading volume of 6,259.09 SOL.
The NFTs of the Bored Ape Yacht Club comes to mind in this situation (BAYC). You may also be wondering whether the Okay Bears will be able to catch up to BAYC anytime soon.
Following its launch in April 2021, the BAYC NFT had a trading volume of 960.197 on 4 May 2021. MAYC, which began on August 28, 2021, also had a trading volume of 1,149 on September 6, 2021, with roughly 212 sales.
When comparing the value of “bears” to “apes,” it’s evident that Okay Bears is more valuable to Solana than BAYC and MAYC are to Ethereum.
The OpenSea daily volume for SOL (left) has climbed considerably since April 25, 2022, and the OpenSea daily NFT transaction for SOL (right) has increased greatly with the launch of the Okay Bears NFT collection, according to Dune Analytics.
Ethereum-based Non-Fungible Tokens (NFTs) have traditionally dominated the Non-Fungible Token (NFT) market. In the last 24 hours, the big ETH-based NFTs seemed to have been dethroned. And, funnily enough, it was Solana who made it possible (SOL).
Bears, the SOL-based NFT sold out completely within the first 24 hours of its release. At press time, the NFT had a trading volume of 147,161 SOL, up 19.48 percent from the previous 24 hours.
In barely three days after the NFT launched on OpenSea, Okay Bears recorded a trading volume of 510.1K at a floor price of 115 SOL. At the time of writing, the NFT had 1,356 sales and a daily trading volume of 6,259.09 SOL.
The NFTs of the Bored Ape Yacht Club comes to mind in this situation (BAYC). You may also be wondering whether the Okay Bears will be able to catch up to BAYC anytime soon.
Following its launch in April 2021, the BAYC NFT had a trading volume of 960.197 on 4 May 2021. MAYC, which began on August 28, 2021, also had a trading volume of 1,149 on September 6, 2021, with roughly 212 sales.
When comparing the value of “bears” to “apes,” it’s evident that Okay Bears is more valuable to Solana than BAYC and MAYC are to Ethereum.
The OpenSea daily volume for SOL (left) has climbed considerably since April 25, 2022, and the OpenSea daily NFT transaction for SOL (right) has increased greatly with the launch of the Okay Bears NFT collection, according to Dune Analytics.
Furthermore, the data graphic below, according to Santiment, shows “Total NFT Trade Count.” As of April 30, 2022, the total NFT transaction volume was 19,717, a reduction from wholesale on April 29, 2022.
The price chart below also reveals that there was a lower trading volume of 46,923 on April 26, 2022, which climbed to 58,494 on April 27, 2022, before declining again.
The Okay Bears NFT line sold out in hours, forcing the designers to write a statement stating their plans.
The creators of the Okay Bears have spelled out their plans for the next 12 months, according to a tweet from the group. Based on the sale of the Okay Bears NFT collection, it wouldn’t be stupid to assume that SOL is prepared to take over the NFT market shortly.
