Solana’s Top NFT Project Mad Lads Sees Rapid Price Increase.

According to Decrypt, Mad Lads, the top NFT project on the Solana network, has witnessed a remarkable price surge of over 100% in the past week. Launched earlier this year, Mad Lads has become the most sought-after collection on Solana based on its floor price, representing the cheapest listed NFT on the secondary market.

Data from SolanaFloor reveals that the floor price of a Mad Lads NFT has skyrocketed by 122% in the last seven days, reaching 100 SOL approximately $5,750. With a floor price of $57 million, Mad Lads has claimed the title of the most valuable Solana collection by both floor price and market cap.

In a recent surge, the price of Mad Lads surpassed $6,000 worth of Solana, momentarily surpassing the floor price of DeGods. This previous leading Solana project migrated to Ethereum earlier this year. However, DeGods has since reclaimed the top spot, with a current floor price of 3.15 ETH, equivalent to roughly $6,200, according to NFT Price Floor.

Armani Ferrante, CEO of the creator of Mad Lads, said that Solana’s NFT ecosystem required a fresh impetus after the departure of DeGods. Ferrante asserts that Mad Lads has successfully filled that void, generating significant excitement since its launch.

Mad Lads has also witnessed substantial trading volume, ranking third among all top NFT project over the past week, with approximately $6.9 million in, as per CryptoSlam data. Only Ethereum-based projects like the Bored Ape Yacht Club ($10.2 million) and CryptoPunks ($8) have recorded higher trading volumes during the same period.

The surge in Mad Lads’ price can be attributed to the growing momentum of the Solana network and the increasing demand from buyers eager to be part of the top NFT collection on the platform. Additionally, Coral has offered exclusive early access to its upcoming exchange, Backpack, which recently had a license to operate in Dubai.

As Mad Lads continues to gain traction and attract attention within the NFT community, its impressive price surge highlights the potential and growing popularity of the Solana network in the NFT space.